Wu learned that Circle has signed a memorandum of understanding with the South Korean Kakao Group. Both sides will assess cooperation on blockchain-based payment infrastructure and digital asset technology, including the application of USDC in payment, settlement, and digital asset connectivity scenarios.

CRCL-6.90%
Kakao4.64%
USDC0.00%
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· 7h ago
If USDC can truly connect Kakao’s payment scenarios, then what Koreans will be able to do in the future—buying coffee with stablecoins—would be something they wouldn’t even dare to imagine; technical implementation is the real hard truth.
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DrawdownMaster
· 7h ago
Korea has significant blockchain payments potential, but traditional financial institutions are deeply entrenched as well. Circle teaming up with Kakao looks like a strong partnership, and it’s unlikely to see any major shakeups in the near term.
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MEVArchaeologist
· 7h ago
Circle and Kakao team up to bring USDC into South Korea’s payments market—this move looks fairly solid, but it still depends on how regulators respond.
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