South Korean Banks Target Circle for Stablecoin Collaboration

South Korea’s leading banks are taking proactive steps toward integrating stablecoins into their operations. Major financial institutions like KB Kookmin, Shinhan, Hana, and Woori aim to secure partnerships with global players in the sector, particularly Circle, a USDC issuer. Discussions are expected to occur during Heath Tarbert’s visit to Seoul this month, which coincides with South Korea’s efforts to create a regulatory framework for digital assets.