According to Yonhap News Agency, South Korea's four major banks (KB Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank) are accelerating preparations for stablecoin issuance. These banks plan to meet with Heath Tarbert, the CEO of Circle (the issuer of the stablecoin USDC), this month to discuss cooperation on the circulation of US dollar stablecoins in South Korea, international remittances, and the issuance of Korean won stablecoins.

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