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Circle partners with Kakao and Toss to explore stablecoin payments and blockchain infrastructure in South Korea

Market News
23 Jul 2026
Crypto news
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Bullish
Circle partners with Kakao and Toss to explore stablecoin payments and blockchain infrastructure in South Korea

Circle has signed memorandums of understanding with Kakao Group and Toss to explore stablecoin payment systems, blockchain settlement, and digital asset infrastructure in South Korea. Kakao will assess KRW stablecoins and merchant settlements using Circle's blockchain technology, while Toss will explore USDC-based services and programmable payments amid evolving regulations. These partnerships aim to integrate Circle's USDC technology with major Korean consumer finance platforms, focusing on faster payments, cross-border remittances, and digital asset connectivity. No launch dates or specific stablecoin issuances are confirmed yet, as the projects remain exploratory pending regulatory developments.

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