Circle CEO: Planning to enter the Korean crypto market, but no plans to issue a Korean won-pegged stablecoin for now

According to DL News, Jeremy Allaire, CEO of stablecoin issuer Circle, stated that the company currently has no plans to launch a Korean won-pegged stablecoin but is closely monitoring legislative developments in South Korea and seeking to expand its business within the local regulatory framework. Should South Korea establish a legal pathway allowing global enterprises to enter the market, Circle would be willing to apply for a license, establish a local branch, and provide technical support to Korean institutions issuing stablecoins.