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- Tether filed KRWT and WONTETHER trademarks in South Korea, fueling KRW stablecoin speculation.
- The company also gained full control of Bitcoin treasury firm Twenty One Capital.
- Markets are now watching for regulatory reactions and Tether’s next expansion move in Asia.
Tether is drawing attention in Asia after new trademark filings in South Korea hinted at a possible Korean won-backed stablecoin launch. At the same time, the company is deepening its exposure to Bitcoin through a major move involving Twenty One Capital.
The developments suggest Tether is pursuing a broader expansion strategy that combines regional stablecoins with long-term Bitcoin treasury investments.
Tether Files KRW-Linked Trademarks in South Korea
Recent filings discovered in South Korea’s KIPRIS trademark database show that Tether applied for seven new trademarks. Among them, two names — KRWT and WONTETHER — have attracted the most attention because both appear tied to the Korean won.
The filings fall under Classification 09, which typically covers crypto software, digital financial products, and blockchain-related technology. Tether also submitted applications linked to other products, including Tether Gold, USDT0, USAT, QVAC, and its shield logo.
While the company has not officially announced plans for a KRW stablecoin, the filings have fueled speculation that Tether may be preparing to enter South Korea’s growing digital asset market.
The move comes as USDT continues to strengthen its lead in the stablecoin sector. Over the past month, Tether reportedly expanded USDT supply by more than $5 billion, while several competing stablecoins experienced declines in circulation.
Tether Expands Bitcoin Strategy Through Twenty One Capital
Beyond stablecoins, Tether is also increasing its involvement in Bitcoin-focused investment vehicles.
The company recently gained full control of Twenty One Capital after acquiring SoftBank Group’s entire stake in the firm. Following the deal, SoftBank-linked board members reportedly stepped down, leaving Tether in complete control.
Twenty One Capital holds more than 43,500 BTC on its balance sheet, making it one of the world’s largest public Bitcoin treasury firms. At current market prices, those holdings are valued at roughly $4 billion.
The financial details of the acquisition have not been disclosed.
Why the Korea Move Matters
South Korea remains one of the most active crypto markets globally, particularly in retail trading and digital asset adoption. A won-backed stablecoin from the issuer behind USDT would likely attract immediate attention from regulators and local exchanges.
Markets are now watching three key developments: whether Tether formally confirms a KRW stablecoin, how South Korean regulators respond, and whether the company continues expanding through regional stablecoin products and Bitcoin treasury acquisitions.
If more deals follow, the Korea trademark filings may represent the beginning of a much broader Asia-focused strategy from Tether.
Also Read: Tether Files 7 New Trademarks in South Korea Ahead of Stablecoin Crackdown
Tether’s latest moves show the company is not slowing down despite increasing global scrutiny around stablecoins. Between its South Korea trademark activity and its growing Bitcoin treasury exposure, Tether appears focused on expanding both its geographic reach and influence across the crypto market.
Whether KRWT becomes a real product or remains a defensive trademark filing, the company’s actions suggest Asia could play a major role in Tether’s next phase of growth.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
