stablecoin collaboration in South Korea

Key Points:* Circle to meet South Korean banks, regulatory focus on stablecoins.

• Stablecoin regulatory bill targets issuance and risk control.
• Increased financial collaboration signals market readiness. South Korea’s Financial Services Commission is set to propose a stablecoin regulatory bill in October, as Circle President Heath Tarbert discusses stablecoin collaboration with top Korean banks.

This initiative could significantly shape stablecoin usage in Asia, inviting institutional interest and enhancing regional digital finance infrastructure, with Japan and South Korea at the forefront.

Circle’s High-Stakes Stablecoin Talks in South Korea

Heath Tarbert of Circle will meet with South Korea’s major banks, including KB Kookmin and Hana, to explore stablecoin collaborations. According to Coincu research, this effort follows the South Korean Financial Services Commission’s plan to introduce a stablecoin regulatory bill covering issuance and risk control requirements.

The regulatory bill aims to provide clarity on stablecoin issuance, collateral management, and risk control, potentially paving the way for USDC and a possible won-based stablecoin. “Circle is dedicated to working with regulators and financial institutions globally to provide compliant, transparent digital currency services,” said Heath Tarbert, President of Circle.

Market participants express optimism about the collaboration with Circle and the potential for regulatory clarity to enhance stablecoin integration. This engagement is viewed as a positive step towards adopting USDC and related assets in Asia.

Regional Moves Toward Stablecoin Adoption

Did you know? Japan’s potential approval of the first yen stablecoin this fall aligns with South Korea’s regulatory advances, suggesting a regional shift toward digital asset acceptance.

USDC, a major stablecoin issued by Circle, currently holds a market cap of $68.16 billion with a trading volume of $14.44 billion over the past 24 hours, marking a 56.39% change. Prices have slightly declined by 0.01% in the last day, according to CoinMarketCap.

USDC(USDC), daily chart, screenshot on CoinMarketCap at 08:34 UTC on August 18, 2025. Source: CoinMarketCap Coincu research indicates that these developments may accelerate institutional crypto engagement in Asia, encouraging a significant uptick in stablecoin usage. Historical parallels to Hong Kong and Singapore suggest these regulatory actions could lead to greater market liquidity and cross-border payment systems.

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