Tether files trademark applications for company name and logo in South Korea

According to KIPRIS, the Korea特许情报检索服务, Tether has recently filed trademark applications for a total of seven trademarks in South Korea, including the "tether" logo and the gold-backed stablecoin "tether gold".

Based on this, the virtual asset industry speculates that Tether may be preparing to establish a branch in South Korea and enter the Korean market. The Digital Asset Basic Act is expected to require overseas stablecoin issuers to set up domestic branches in South Korea for distribution activities. This move is seen as Tether taking a lead over its competitor, Circle. Circle CEO Jeremy Allaire visited South Korea in April and stated that Korea is the most dynamic virtual asset market in the world. (Chosun)