Deep潮 TechFlow News, February 26 — According to 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 manager, blockchain investigator, and government relations representative, 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 a market share of around 10% in trading activities on Korean crypto exchanges.
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Deep潮 TechFlow News, February 26 — According to 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 manager, blockchain investigator, and government relations representative, 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 a market share of around 10% in trading activities on Korean crypto exchanges.