Visa Executives Highlight South Korea as Prime Location for Stablecoin Trials

Visa Group President Oliver Jenkins and Asia-Pacific Business Head Steven Carpin have identified South Korea as an ideal location for stablecoin experimentation. According to Foresight News, during their visit to several banks in South Korea, Jenkins noted the country's significant number of cryptocurrency investors, totaling 17 million. He also highlighted South Korea's high subscription rate to generative AI platforms like ChatGPT, ranking second only to the United States. Jenkins emphasized that South Korea could potentially lead the integration of AI and stablecoin businesses in the future, making it a crucial market outside the U.S. for such trials.