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South Korea's Four Major Banks Accelerate Preparation for Stablecoin Issuance, Plan to Meet with Circle
Summary: According to reports from Yonhap News Agency, South Korea's four major banks (KB Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank) are accelerating preparations for stablecoin issuance. These banks plan to meet with Heath Tarbert, CEO of Circle (issuer of stablecoin USDC), this month to discuss the circulation of USD stablecoins in South Korea, ...
According to reports from Yonhap News Agency, South Korea's four major banks (KB Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank) are accelerating preparations for stablecoin issuance. These banks plan to meet with Heath Tarbert, CEO of Circle (issuer of stablecoin USDC), this month to discuss the circulation of USD stablecoins in South Korea, international remittances, and the issuance of KRW stablecoins. In addition, KB Financial Group has established a 'Stablecoin Division' as a permanent organization, Shinhan Bank is advancing the development of a KRW stablecoin payment system, Hana Financial Group is actively analyzing relevant systems and businesses, and Woori Bank has initiated a digital asset team to begin trademark application and other work.
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Link: South Korea's Four Major Banks Accelerate Preparation for Stablecoin Issuance, Plan to Meet with Circle [Copy]
