Tether and Circle intensify their布局 in the Korean market, possibly in response to local stablecoin regulations

Stablecoin issuer Tether recently announced multiple job openings in South Korea, including Public Relations Manager, Blockchain Investigator, and Government Relations Officer. Previously, Tether entered the local market by hiring a representative for the South Korean market, but after the departure of relevant personnel, the company plans to expand its team in Korea.

Additionally, industry insiders revealed that since the CEO of Circle visited South Korea last August, Circle has also been advancing its business expansion in the region. Reports indicate that the upcoming "Digital Asset Basic Law" in South Korea may require overseas stablecoin issuers to establish branches in Korea to distribute tokens in the local market. The recent actions of related companies are seen as a proactive approach to potential regulatory requirements.

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