Tether Execs Hold Stablecoin Meetings With Top S Korean Commercial Banks

Core Insights - Tether executives met with Shinhan Bank officials to discuss stablecoin collaboration during their visit to South Korea for a blockchain conference [1][2][4] - The meeting included key Tether personnel, such as Vice President Marco Dal Lago and Regional Expansion Lead Quynh Le, indicating a strategic focus on expanding partnerships in the APAC region [2][3] - South Korean lawmakers are considering regulations for KRW-pegged stablecoins, which has prompted Tether and other stablecoin issuers to engage with local financial institutions [4][6] Group 1: Meetings and Participants - Tether executives, including Marco Dal Lago and Quynh Le, attended a meeting with Shinhan Bank on September 8 to discuss stablecoin initiatives [2][3] - Shinhan Financial Group Chairman Jin Ok-dong has recently met with multiple US stablecoin issuers, including Circle, indicating a growing interest in stablecoin discussions among South Korean banks [3] - Other South Korean banks, such as KB Kookmin Bank and KEB Hana Financial Group, have also engaged with Tether regarding stablecoin discussions [5] Group 2: Regulatory Environment - South Korean lawmakers are divided on whether to allow major tech firms and startups to issue stablecoins, with conservative voices advocating for restrictions to the commercial banking sector [6] - The ongoing discussions between Tether and South Korean banks reflect a proactive approach to potential regulatory changes in the stablecoin market [4][6] - Tether's engagement with multiple financial institutions suggests a strategic positioning to adapt to the evolving regulatory landscape in South Korea [5][6]