{"id":871745,"date":"2025-09-09T21:12:49","date_gmt":"2025-09-10T02:12:49","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/09\/tether-execs-hold-stablecoin-meetings-with-top-s-korean-commercial-banks\/"},"modified":"2025-09-09T21:12:49","modified_gmt":"2025-09-10T02:12:49","slug":"tether-execs-hold-stablecoin-meetings-with-top-s-korean-commercial-banks","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/09\/tether-execs-hold-stablecoin-meetings-with-top-s-korean-commercial-banks\/","title":{"rendered":"Tether Execs Hold Stablecoin Meetings With Top S Korean Commercial Banks"},"content":{"rendered":"
\n
\n
\n

\n <\/p>\n

Author<\/p>\n

\n

Tim Alper<\/p>\n

\n
\n

\n <\/p>\n

Author<\/p>\n

\n Tim Alper <\/span>\n <\/p>\n<\/p><\/div>\n

\n

About Author<\/p>\n

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

\n

Last updated:\u00a0<\/p>\n

\"Tether<\/p>\n

Tether, the firm behind the stablecoin USDT<\/a>, met with officials from the South Korean financial heavyweight Shinhan Bank on September 8.<\/p>\n

The South Korean media outlet MoneyS<\/a> reported that Tether officials are in the country to attend a domestic blockchain conference.<\/p>\n

But the executives are also reportedly planning meetings with a range of domestic fintech companies, including the neobank Toss.<\/p>\n

\"The
The headquarters of Shinhan Bank in central Seoul, South Korea. Tether officials met senior Shinhan executives at the building in the morning of September 8, with stablecoins on the agenda. (Source: Mobius6 [CC BY-SA 4.0])<\/figcaption><\/figure>\n

Tether, Korean Banks Hold Stablecoin Talks<\/span><\/h2>\n

The media outlet wrote that several Tether executives attended the Shinhan meeting, including Vice President Marco Dal Lago, the firm\u2019s head of Global Expansions and Strategic Partnerships.<\/p>\n

Quynh Le, Tethers\u2019 Regional Expansion Lead in the APAC area, and Andres Kim, the firm\u2019s Bolivia-based Expansion Manager, were also in attendance.<\/p>\n

The summit is Shinhan Financial Group Chairman Jin Ok-dong\u2019s second meeting with a major US stablecoin issuer in the space of a month.<\/p>\n

Jin and several rival South Korean bank heads met Heath Tarbert, the head of the USD Coin<\/a> issuer Circle, during the latter\u2019s visit to Seoul late last month<\/a>.<\/p>\n

A Shinhan Financial Group official told media representatives that Shinhan and Tether \u201cplan to continue discussing ways to build mutual networks.\u201d<\/p>\n

South Korean lawmakers continue to push forward with plans to regulate KRW-pegged stablecoins. Evidently sensing an opportunity, both Tether and Circle have recently sent delegations to Seoul.<\/p>\n

Cho Young-seo, the Vice President of KB Kookmin Bank, is also set to meet Tether representatives on September 10.<\/p>\n

KEB Hana Financial Group and Woori Financial Group officials have already spoken to Tether officials about stablecoins. The parties held meetings on August 26.<\/p>\n

While there are no immediate plans for further meetings during the Tether officials\u2019 visit to, the \u201cpossibility of more talks remains open,\u201d MoneyS wrote.<\/p>\n

Another major financial group, Nonghyup (NH), has also previously sent its blockchain and cryptoasset division chiefs to meet Tether executives.<\/p>\n

Legislation at an Impasse<\/span><\/h2>\n

South Korean lawmakers are currently divided on the question of whether they should let major tech firms and IT startups issue stablecoins, in addition to large financial groups.<\/p>\n

\"A
The USDT market cap over the past 12 months. (Source: CoinGecko)<\/figcaption><\/figure>\n

Conservative voices believe that only the commercial banking sector should be allowed to issue KRW stablecoins.<\/p>\n

MoneyS concluded that \u201cglobal companies with established issuance and distribution networks\u201d are likely to continue discussing collaboration options with domestic financial institutions until lawmakers come to an agreement.<\/p>\n

Allowing South Korean firms to issue stablecoins was a key manifesto pledge for President Lee Jae-myung ahead of June\u2019s elections.<\/p>\n

Since Lee came to power, scores of major banks and leading IT firms have registered KRW-pegged stablecoin<\/a>-related trademarks.<\/p>\n

These include the internet giants Kakao and Naver. Both of the firms operate widely used e-payment platforms.<\/p>\n

Experts believe stablecoin integration would be straightforward for both Kakao and Naver. Other experts, meanwhile, think that hardware heavyweights like Samsung and LG could also enter the fray.<\/p>\n

\n <\/p>\n

\n \n \n \n \n <\/svg>
\n Follow us on Google News <\/a>\n <\/p>\n<\/p><\/div>\n

Read More<\/a>
\n Larisa Center<\/p>\n","protected":false},"excerpt":{"rendered":"

Author Tim Alper Author Tim Alper About Author Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked… Last updated:\u00a0 September 8, 2025 Tether, the firm behind the stablecoin USDT<\/p>\n","protected":false},"author":1,"featured_media":871746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[279,22944],"tags":[],"class_list":["post-871745","post","type-post","status-publish","format-standard","has-post-thumbnail","category-execs","category-tether"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/871745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=871745"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/871745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/871746"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=871745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=871745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=871745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}