Tether and Circle accelerate their expansion into the Korean market, seizing the regulatory gap for Korean won stablecoins

2026-02-26 11:46:45

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Deep Tide TechFlow News, February 26 — According to South Korean media outlet News1, as South Korea makes slow progress in establishing regulations for the issuance of the Korean won stablecoin, the world’s top two stablecoin issuers, Tether and Circle, are accelerating their efforts to capture the Korean market. Currently, Tether is recruiting for multiple positions in Korea, including PR managers, blockchain investigators, and government relations representatives, to prepare for the upcoming Digital Asset Basic Act (Phase Two legislation, which is expected to require overseas stablecoin issuers to establish branches in Korea to operate). Meanwhile, Circle’s USDC has recently gained approximately a 10% market share in trading activity on Korean crypto exchanges.

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