Circle CEO: No Plans to Issue Korean Won Stablecoin for Now, Will Focus on Korean Compliance and Technical Cooperation

Odaily News Stablecoin issuer Circle's CEO Jeremy Allaire stated that the company currently has no plans to launch a Korean Won-pegged stablecoin, but is closely monitoring relevant legislative developments in South Korea and seeking to expand its business under the local compliance framework. If South Korea establishes a legal pathway allowing global enterprises to enter, Circle is willing to apply for licenses and set up a local branch, while also providing technical support for Korean institutions to issue stablecoins. (DL News)