Tether has filed seven trademark applications in South Korea in an effort to expand into the local market.

CoinFeed reported on May 20th that, according to Cryptopolitan, Tether, the issuer of the stablecoin USDT, is actively pursuing its plans to enter the South Korean market. The Korea Intellectual Property Information Service (KIPRIS) recently received a total of seven trademark applications from Tether. While Tether's previous filings in South Korea primarily focused on stablecoin product names, these new applications include the company brand itself and its gold-backed stablecoin, Tether Gold (XAUT).