Circle CEO Jeremy Allaire is set to visit South Korea next week to engage with major commercial banks and cryptocurrency exchanges on the adoption of USDC. The visit comes as USDC trading volume in South Korea rises, prompting discussions on stablecoin applications, international payment collaborations, and potential won-backed stablecoin initiatives.
Allaire plans to meet with executives from leading banks such as KB Kookmin Bank, Shinhan Bank, and Hana Bank. KB Kookmin Bank has previously collaborated with Circle, completing a feasibility test using the Circle Mint platform. Additionally, Allaire will engage with Dunamu, operator of Upbit, as well as Bithumb and Coinone, to explore expanding USDC adoption and enhancing South Korea's payment ecosystem through cross-chain technology support.
Circle CEO to Discuss USDC Adoption in South Korea with Banks and Exchanges
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