Editor's PiCK
Yang Jong-hee, Chairman of KB Financial Group, Discusses Stablecoin Cooperation with Tether USAT
Summary
- Yang Jong-hee, chairman of KB Financial Group, said he will discuss cooperation related to stablecoins with the CEO of Tether USAT.
- Yang said he plans to exchange views on business opportunities and strategic partnerships to strengthen the competitiveness of global digital financial services.
- KB Financial Group said it plans to pursue responding to the global spread of stablecoins and building a digital financial ecosystem through this meeting.
Yang Jong-hee, chairman of KB Financial Group, will meet Bo Haines, chief executive officer (CEO) of Tether USAT, to discuss cooperation related to stablecoins. Tether USAT is the U.S.-focused subsidiary of Tether (USDT), the world's No. 1 stablecoin issuer.
On the 19th, KB Financial Group said Yang will meet with CEO Haines on the 22nd. Yang is expected to exchange views with CEO Haines on business opportunities related to stablecoins and strategic partnerships to strengthen the competitiveness of global digital financial services.
A KB Financial Group official said, "Through this meeting, we will respond to the global spread of stablecoins while protecting our country's monetary sovereignty and building a digital financial ecosystem that can coexist with small merchants."
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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