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Circle CEO: Planning to enter the South Korean crypto market, but no plans to issue a Korean won stablecoin yet
Mars Finance reports that Circle CEO Jeremy Allaire stated 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. If South Korea establishes a legal pathway that allows global companies 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.