Visa Names South Korea as the Optimal Testing Location for Stablecoins and AI

Visa states that South Korea is the most suitable location outside the United States for experimenting with stablecoins and blockchain technology. During a visit to several top banks in Seoul on Sunday (05/04), Visa Group President Oliver Jenkins highlighted the high number of crypto investors, reaching 17 million people, and the generative AI adoption rate, which ranks second in the world after the U.S.
Visa believes that the convergence between the AI industry and stablecoins will become an inevitable trend to support a more streamlined payment system in the future. Internal data shows that South Korean user contributions to the ChatGPT platform exceed 5%, while Google Gemini accounts for over 11%. These figures reinforce South Korea’s position as a strategic global digital asset innovation hub.
Despite the enormous market potential, Visa and several industry players are urging the South Korean government to promptly establish stablecoin regulations. To date, the issuance of all forms of tokens remains prohibited in the region, prompting complaints from the financial sector, which feels hindered in asset tokenization efforts. Anonymous financial officials warn that without clear legal frameworks, South Korea risks falling behind the global on-chain finance trend.

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