Tether and Circle Increase Efforts in Korean Market Layout, Possibly in Response to Local Stablecoin Regulations

Odaily News Stablecoin issuer Tether recently posted several job openings targeting South Korea, including positions for a Public Relations Manager, a Blockchain Investigator, and a Government Relations Specialist. Previously, Tether had entered the local market by appointing a Korean market representative, but after the departure of the relevant personnel, the company plans to expand its team in South Korea.

Other industry insiders revealed that since Circle's CEO visited South Korea in August last year, Circle has also been advancing related business expansion locally.

The report points out that South Korea's upcoming "Digital Asset Basic Act" may require overseas stablecoin issuers to establish branches in South Korea to distribute tokens in the local market. Recent moves by related companies are seen as a proactive layout in anticipation of potential regulatory requirements. (News1)