Kaia's native USDT logs into a Korean tourist venue, and tourists can exchange cash on the stablecoin ATM machine

PANews reported on July 31 that some travel and retail venues in South Korea have launched stablecoin ATMs that support USDT cash redemption, which are only available to tourists holding foreign passports. These ATMs are jointly operated by Korean blockchain company DaWinKS and the Kaia DLT Foundation to support the USDT issued by Kaia.

Users can withdraw funds into 85 legal currencies or load them on local transportation cards. Although local residents cannot use it, the move reflects South Korea's gradual acceptance of digital asset payments. At present, South Korea's stablecoin regulatory framework has not yet been unified, and the ruling and opposition parties are discussing relevant legislation. The Digital Assets Base Act proposal promoted by President Lee Jae-ming will allow eligible companies to issue Korean won-pegged stablecoins to control capital outflows.

Original link

Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice of this platform. This platform does not make any guarantees for the accuracy, completeness, originality and timeliness of article information, nor is it liable for any losses caused by the use or trust in article information.