Tether and Circle Engage with South Korean Banks Amid Regulatory Developments

According to Cointelegraph, leading stablecoin issuers Tether and Circle are set to engage in discussions with top executives from South Korea's largest banks this week. The meetings aim to explore potential partnerships, the issuance of Korean won-backed stablecoins, and the distribution of US dollar-backed stablecoins within South Korea. Executives from South Korea's four major financial groups, including Shinhan Financial Group CEO Jin Ok-dong and Hana Financial Group CEO Ham Young-joo, are expected to meet with Circle president Heath Tarbert. Additionally, Young-joo is scheduled to meet a Tether official source: https://www.binance.com/en/square/post/28617942262329?utm_source=BinanceNewsRSS