According to Foresight News, citing a report by Kyungjae from South Korea, Visa Group president Oliver Jenkins and Steven Carpin, the company’s business head in the Asia-Pacific region, said during visits to a number of South Korean banks that the country is the “best place” to experiment with stablecoins.

Oliver Jenkins noted: “South Korea has 17 million cryptocurrency investors, and in terms of paid subscriptions to the generative AI platform ChatGPT, the country ranks second after the United States. Therefore, South Korea could become a future leader at the intersection of artificial intelligence and stablecoins. We believe South Korea is the best place (outside the US) for testing stablecoins. The South Korean market is very important to us.”