Circle partners with Kakao and Toss Bank to build stablecoin rails in South Korea

Circle, the issuer of the USDC stablecoin, has partnered with South Korean tech giant Kakao and Toss Bank to explore blockchain-based payment infrastructure in South Korea. The collaboration aims to develop new stablecoin payment rails in one of Asia's largest digital-finance markets. It marks one of Circle's first major moves into the South Korean market.