Odaily Planet Daily reports that stablecoin issuer Tether has recently posted 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 Korea market representative, but after the departure of that personnel, the company plans to expand its team in Korea.
Industry sources also revealed that since Circle CEO visited Korea last August, Circle has been advancing related business development in the region.
The report states that South Korea’s upcoming “Digital Asset Basic Act” may require overseas stablecoin issuers to establish a branch in Korea to distribute tokens locally. The recent actions by these companies are seen as proactive measures in anticipation of potential regulatory requirements. (News1)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tether Engages Big Four Firm for First Full Audit
Tether engages a Big Four firm for its first full audit, reviewing its $184 billion USDT reserves, aiming to enhance transparency and financial reporting amid internal leadership changes. The audit covers digital and traditional assets, indicating a commitment to stringent scrutiny.
CryptoFrontNews16m ago
Swan Bitcoin诉讼升级：Tether 挖矿纠纷牵出Cantor Fitzgerald 与 Howard Lutnick
The dispute over Bitcoin mining in the United States continues to escalate, with Swan Bitcoin filing for evidence in the New York court to obtain proof related to Tether. The controversy stems from the breakdown of the partnership between Swan and the joint venture 2040 Energy with Tether, accusing internal executives of misconduct. Meanwhile, Cantor Fitzgerald and its CEO are also involved, with potential links to funds and interests. The case could impact Bitcoin mining models and the stablecoin ecosystem.
GateNews2h ago
Swan Bitcoin exposes Tether mining coup, requests summons for U.S. Secretary of Commerce
Swan Bitcoin requests the summons of Secretary of Commerce Howard Lutnick and Cantor Fitzgerald to support an offshore lawsuit against 2040 Energy. Swan accuses Tether of inciting an "industry coup," leading to the breakdown of its partnership with Tether, and suggests Lutnick may be connected to Tether’s improper conduct. If the court approves the subpoena, it will help reveal relevant communications and financial relationships.
MarketWhisper5h ago
DeepSnitch AI Launching in 7 Days, With $2.5M Banked and 1000x in Sight, as Tether Takes Its Biggest Transparency Step and Institutions Rush In
Tether just hired a Big Four accounting firm for its first-ever full audit of the $184 billion in reserves backing USDT, as Lombard revealed that its Bitcoin Smart Accounts now let institutions earn yield and borrow against BTC without leaving qualified custody. BitGo and Susquehanna launched
CaptainAltcoin12h ago
Bitwise: Circle's Valuation Could Reach $75 Billion by 2030, Analysts Support Stock Price
Despite Circle's stock price falling approximately 20% recently, institutions remain optimistic about its prospects, with valuations projected to reach $75 billion by 2030. Analysts believe the expansion of the stablecoin market and Circle's market share will continue to drive growth, and its influence may be constrained by competitors' compliance processes.
BlockBeatNews20h ago
