Tether and Circle Meet with South Korean Bank CEOs to Discuss Stablecoin Partnerships

A meeting between Tether and Circle executives is scheduled for August 22, 2025, with major South Korean bank CEOs like Jin Ok-dong of Shinhan Financial Group. This meeting aims to explore stablecoin initiatives and partnerships. The gathering focuses on joint development of won-backed and USD-backed stablecoins, aiming to enhance financial integration in the country. Key players include Shinhan, Hana, and Woori banks. South Korea’s fintech landscape will likely benefit from this initiative.