Circle Bolsters USDC Presence in South Korea via Kakao and Toss Partnerships

Circle's USDC expansion in South Korea has gained momentum with separate agreements signed with Kakao Group and Toss. The memorandums, announced on July 23, focus on building blockchain payment infrastructure and regulated stablecoin services.

Kakao will assess payments, merchant settlement, remittances, and digital asset links across its major platforms, including the widely used mobile application KakaoTalk and the online wallet Kakao Pay. The platform has over 40 million registered users, providing access to one of South Korea's largest digital wallet networks.

Toss will study USDC wallets, programmable payments, biometric authentication, overseas transfers, and settlement links with traditional bank accounts. The partnership gives Circle a foothold in another major digital finance platform, following agreements signed with Upbit and Bithumb in April to support USDC adoption.