In brief

• Executives from stablecoin issuers Circle and Tether are set to meet with top figures in some of South Korea’s biggest financial groups this week, according to reports in local media.
• The discussions will reportedly revolve around the potential distribution and use of dollar-pegged stablecoins in South Korea, as well as the issuance of won-backed stablecoins.
• South Korea’s ruling party and the opposition party have expressed differing opinions about how to regulate stablecoins.