Tether and Circle executives will meet with the CEOs of major South Korean banks

ChainCatcher news, executives from Tether and Circle will meet this week with the CEOs of several top financial groups in South Korea, including Shinhan Financial Group CEO Jin Ok-dong and Hana Financial Group CEO Ham Young-joo. The discussions will focus on the potential distribution and use of dollar-pegged stablecoins in South Korea, as well as the issuance of won-backed stablecoins.

This meeting comes as South Korea prepares to launch a stablecoin legal framework in October this year, with differing opinions on stablecoin regulation between the ruling party and the opposition.