Circle and Bithumb signed a memorandum of understanding to advance cooperation in areas such as stablecoins.

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According to Foresight News and News1, Circle and South Korean virtual asset exchange Bithumb have signed a Memorandum of Understanding (MOU) to strengthen cooperation in digital asset infrastructure and stablecoin technology. Under the agreement, the two companies will jointly explore support solutions for stablecoin infrastructure and continue to collaborate to build a digital asset ecosystem.

Bithumb stated that this collaboration is a significant milestone in enhancing its platform's digital asset infrastructure, and it will continue to support market development in a direction that complies with regulatory requirements. Circle stated that it will prioritize transparency, compliance, and responsible innovation when seeking collaboration opportunities in the South Korean market.

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