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South Korea has introduced stablecoin ATMs allowing tourists to convert USDT into cash at key locations. The pilot, limited to foreign passport holders, highlights the country’s cautious embrace of crypto payments amid ongoing regulatory debates.
- ATMs support Kaia-issued USDT, a Tether variant on the merged Klaytn-Finschia blockchain.
- Locals are barred from using the machines despite reported attempts to access them.
- Competing stablecoin bills in South Korea differ on reserves, licensing, and enforcement.
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Related Tags: Stablecoin
Other Tags: Klaytn, Tether (USDT)