Executives from stablecoin issuers Circle and Tether are scheduled to meet with leaders from major South Korean financial institutions. The discussions will focus on the usage and distribution of dollar-pegged stablecoins in South Korea, as well as exploring the creation of won-backed stablecoins. The upcoming meetings coincide with South Korea's plans to launch a legal framework for stablecoins in October. Notably, the ruling party and opposition have differing views on stablecoin regulation, particularly concerning interest-generating tokens and capital restrictions. Executives from Shinhan Financial Group and Hana Financial Group are set to meet with Circle's President, Heath Tarbert. These discussions highlight a significant shift in South Korean regulatory attitudes towards stablecoins and could influence future financial products in the region.

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