According to Yonhap News Agency, South Korea's four largest banks (Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank) are accelerating preparations for a stablecoin offering. The banks plan to meet with Heath Tarbert, CEO of Circle Corporation (the issuer of the stablecoin USDC), this month to discuss cooperation on the circulation of US dollar stablecoins in South Korea, international remittances, and the issuance of Korean won stablecoins.
In addition, KB Financial Group has turned the "stablecoin branch" into a permanent organization, Shinhan Bank is promoting the development of a Korean won stablecoin payment system, Hana Financial Group is also actively analyzing related systems and businesses, and Woori Bank has launched a digital asset team and started work on trademark applications.
South Korea's four largest banks accelerate preparations for stablecoin issuance, plan to meet with Circle
2025-08-18 03:16:08
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