Circle CEO to Visit Korea Next Week to Meet with Banks and CEXs to Drive USDC Adoption

BlockBeats News, April 7th, according to DL News, as the trading volume of USDC continues to soar in South Korea, Circle CEO Jeremy Allaire plans to visit Korea next week to meet with executives from major commercial banks and top cryptocurrency exchanges to discuss the stablecoin's use cases in Korea, international payment collaborations, and plans for a Korean won-based stablecoin.

On the banking side, Allaire intends to hold "consecutive meetings" with key players from leading institutions such as KB Kookmin Bank, Shinhan Bank, and Hana Bank. KB Kookmin Bank met with Circle last June and has already completed a feasibility concept test using the Circle Mint platform.

Regarding the exchanges, Allaire also plans to meet with Upbit operator Dunamu, as well as executives from Bithumb, Coinone, and other exchanges to discuss expanding USDC adoption, the Korean payment ecosystem, and measures to support cross-chain technology.