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South Korea’s biggest banks are reportedly in talks with Tether and Circle to discuss potential stablecoin partnerships and distribution in the country.
Four Major South Korean Financial Groups Looking Into Stablecoins
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As reported by YonHap, major South Korean financial groups will see their top executives meeting with Tether and Circle this week. Tether and Circle are the issuers of the two largest stablecoins: USDT and USDC, respectively.
Stablecoins are cryptocurrencies that have their price pegged to a fiat currency. This means that unlike assets such as Bitcoin, these tokens normally don’t face any major fluctuations, hence the “stable” in their name.
South Korea has been making a push toward digital assets
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