TechFlow news, August 21 — According to Decrypt, executives from Tether and Circle will meet this week with CEOs of several top South Korean financial groups, including Kim Ok-dong of Shinhan Financial Group and Ham Young-joon of Hana Financial Group. The discussions will focus on the potential distribution and use of dollar-backed stablecoins in South Korea, as well as the issuance of won-backed stablecoins.
The meetings come as South Korea prepares to launch a legal framework for stablecoins in October, amid differing regulatory views between the ruling and opposition parties.
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