Circle CEO rules out won-based stablecoin issuance, instead seeks local partnerships

Circle CEO rules out won-based stablecoin issuance, instead seeks local partnerships

Circle CEO Jeremy Allaire said Monday the U.S. stablecoin firm has no plans to issue a Korean won-based stablecoin, instead signaling a strategy focused on supporting local banks and fintech firms as they develop their own digital currencies. "I don't believe Circle would issue a Korean won stablecoin," Allaire said during a press conference in Seoul, when asked about the possibility, noting that such efforts would likely be led by a consortium …