Circle CEO: Plans to expand into the South Korean crypto market, but currently has no plans to issue a Korean won stablecoin.

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According to Foresight News , citing DL News, Circle CEO Jeremy Allaire stated that the company currently has no plans to launch a stablecoin pegged to the Korean won, but is closely monitoring relevant 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 the market, Circle is willing to apply for a license and establish a local branch, while also providing technical support for South Korean institutions issuing stablecoins.

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