Jin Ok-dong, chairman of Shinhan Financial Group, meets with Tether after Circle

Son Min

Summary

It reported that Jin Ok-dong, chairman of Shinhan Financial Group, met with executives of Tether, the world's No. 1 stablecoin issuer.
They said that at this meeting both sides discussed stablecoin cooperation and trends in the cryptocurrency market.
Chairman Jin emphasized stablecoins as a core technology to lead financial service innovation and said he plans to focus on related cooperation.

Discussions on stablecoin cooperation

Jin Ok-dong, chairman of Shinhan Financial Group (photo), met with executives of Tether, the world's No. 1 stablecoin issuer. It was about two weeks after meeting with Circle, the world's No. 2.

According to financial sources on the 8th, Chairman Jin met at around 10 a.m. at Shinhan Financial Group's headquarters on Sejong-daero in Seoul with Tether executives including Vice President Marco Dallago, Quinn Le, head of Asia-Pacific, and Andre Kim, Latin America regional manager, and held a meeting for about an hour. They reportedly discussed trends across the cryptocurrency market, including stablecoins, and possible cooperation between the two companies. Tether executives are also known to be meeting in succession with officials from KB Financial, Nice Group, Toss, and Korea University, among others.

Chairman Jin previously met with Circle president Hes Tabert, and at an event he held inviting domestic financial analysts he singled out stablecoins as a technology that will drive innovation in financial services. He emphasized at the event, "Stablecoins, artificial intelligence (AI) agents, and enterprise resource planning (ERP) are key drivers that reorganize the fundamental functions of finance and create 'new customer-centric value'," and "We will focus on creative and practical financial service innovation based on this."

Reporter Jinseong Kim jskim1028@hankyung.com

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