Tether has filed trademarks in South Korea for potential KRW-pegged stablecoins, KRWT and WONTETHER, signaling a possible expansion into the Korean market. These filings, found in South Korea's KIPRIS database, fall under Classification 09, covering software and crypto-related digital products. While Tether has not confirmed any launch plans, the move aligns with its growing market dominance, as USDT supply increased by over $5 billion in the past month.
In a separate development, Tether has acquired full control of Twenty One Capital, a major Bitcoin treasury company, by purchasing SoftBank Group's stake. Twenty One Capital holds over 43,500 BTC, valued at approximately $4 billion. This acquisition marks a significant expansion of Tether's influence in the Bitcoin market. The financial details of the deal remain undisclosed.
Tether Files Trademarks for KRW-Pegged Stablecoin, Acquires XXI Capital
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