Major South Korean financial holdings including KB, Shinhan, Hana, and Woori are partnering with Naver, Kakao, and Samsung Electronics. This is to secure a foothold in the lucrative stablecoin market as trading volume exceeds 60 trillion won.
By the end of 2025, a stablecoin regulatory bill is expected. Banks are set to become key issuers of stablecoins, leveraging their alliances with technology firms to innovate and adapt.
Leave a Reply