South Korea's leading credit card company recently issued US dollar bonds in the local market, and this signal is quite interesting. What does it reflect behind the scenes? The Korean won has been weakening recently, and both enterprises and investors are seeking dollar exposure to hedge exchange rate risks. This is not only a financing strategy for individual companies but also a microcosm of the entire market reconfiguring its asset structure.

When fiat currencies come under pressure, institutions proactively seek more stable assets for risk hedging. From a macro perspective, this trend of diversified financing and holdings is accelerating worldwide—whether in traditional finance or the crypto market, investors are actively balancing currency exposure. This is also why the demand for stablecoins and cross-border payment tools continues to grow.