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Circle partners with Kakao and Toss Bank to explore stablecoin rails in S. Korea

The Block reports Circle will work with Kakao and Toss Bank to test blockchain-based payment infrastructure in South Korea.

Reported · Written up by our desk · Stablecoins

Circle is working with Kakao and Toss Bank to explore blockchain-based payment infrastructure in South Korea, with stablecoin payments among the focus, The Block reports.

The partnerships aim to evaluate stablecoin payment rails and how they could be used for payments in the South Korean market.

The Block said Circle’s effort is framed as an exploration of payment infrastructure rather than an announced rollout at this stage.

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