Circle CEO to visit Korea… slated to meet exchanges including Dunamu, cooperation talks in focus
Summary
- Circle executives, the issuer of USD Coin (USDC), are set to visit Korea on the 13th and visit local banks and cryptoasset exchanges, the report said.
- Circle has expanded USDC distribution and its payments business by partnering with global exchanges such as Coinbase and Binance, the report said.
- Meetings are scheduled with Upbit operator Dunamu, Bithumb and Coinone, but whether a stablecoin MOU will be signed has not been confirmed, it said.
Forecast Trend Report by Period
Circle executives, the issuer of the dollar stablecoin USD Coin (USDC), will return to Korea after last year.
According to Bizwatch on the 6th, Jeremy Allaire, Circle’s founder and CEO, is set to visit Korea on the 13th and make a series of visits to local banks and cryptoasset (cryptocurrency) exchanges. Among the exchanges, meetings are reportedly scheduled with Dunamu, operator of Upbit, as well as Bithumb and Coinone.
The market is watching the potential for cooperation between Circle and major domestic players. Circle has expanded USDC distribution and payments by partnering with global exchanges such as Coinbase and Binance.
However, Dunamu, as understood by the industry, said there is nothing confirmed regarding whether it will sign a memorandum of understanding (MOU) related to stablecoins. A Dunamu official told Bloomingbit by phone, “A meeting with Circle is scheduled, but whether a specific agreement will be signed has not been confirmed.”
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
