The four major banks in South Korea are accelerating preparations for the issuance of stablecoins and plan to meet with Circle

ChainCatcher news, according to Yonhap News Agency, South Korea's four major banks (KB Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank) are accelerating preparations for the issuance of stablecoins. These banks plan to meet with Circle's CEO Heath Tarbert this month to discuss cooperation on the circulation of dollar stablecoins in South Korea, international remittances, and the issuance of won stablecoins.

In addition, KB Financial Group has transformed the "Stablecoin Division" into a permanent organization, Shinhan Bank is advancing the development of a won stablecoin payment system, Hana Financial Group is actively analyzing related regulations and businesses, and Woori Bank has launched a digital asset team to initiate trademark applications and other tasks.