According to Odaily Planet Daily, South Korea's Financial Services Commission plans to submit a stablecoin regulatory bill to the legislature in October, covering issuance, collateral management, and risk control requirements. The bill will be included in the second phase of the digital asset legal framework. South Korea's four largest banks may meet with Heath Tarbert, president of USDC issuer Circle, next week to discuss stablecoin cooperation. Japan is also expected to approve the issuance of its first yen-denominated stablecoin in the fall. (The Block)