Danal to meet Circle CEO on the 13th to discuss a crypto-linked payments network

Danal will meet on the 13th with Jeremy Allaire, founder and chief executive officer (CEO) of US-based Circle, the issuer of the global stablecoin USDC.

According to Danal on the 7th, the two sides will review the results of their cooperation and discuss future strategic options at the meeting. Timed to CEO Jeremy Allaire’s visit to South Korea, the talks will focus on cooperation between Danal’s domestic payments infrastructure and Circle’s virtual asset (cryptocurrency) ecosystem.

A key agenda item is the “integrated payment service exclusively for foreign visitors to Korea,” scheduled to launch later this month. The model is a collaboration between Danal and Binance Pay, the payment service of the virtual asset exchange Binance. It is a system that allows foreign tourists visiting South Korea to make payments at Danal’s domestic offline merchants without a separate currency-exchange process.

The two companies are exploring ways to use USDC, a stablecoin pegged to the value of the US dollar, as an intermediary in service operations. Stable system integration that complies with regulatory guidelines will be a key item under review.

Danal has continued to cooperate with Circle, following its participation in the Circle Alliance Program (CAP) last year and its recent joining of the Agentic AI Foundation (AAIF). A Danal official said, “Through this meeting, we will build a virtual asset-based payment service ecosystem and strengthen global partnerships.”