Kaia native USDT has landed in Korean tourist destinations, and tourists can exchange it for cash at stablecoin ATMs

Some tourism and retail venues in South Korea have launched stablecoin ATMs that support USDT for cash exchange, which are only available to tourists holding foreign passports. These ATMs are jointly operated by South Korean blockchain company DaWinKS and the Kaia DLT Foundation, supporting the USDT issued by Kaia. Users can withdraw funds in 85 legal currencies or load them onto their local transportation card. Although local residents are unable to use it, this move reflects South Korea's gradual acceptance of digital asset payments. At present, the regulatory framework for stablecoins in South Korea has not been unified, and the ruling party and opposition parties are discussing relevant legislation. The proposal for the Digital Asset Foundation Act, promoted by President Lee Jae myung, will allow eligible companies to issue Korean won pegged stablecoins to control capital outflows.