Circle said it has no current plan to launch a Korean won-pegged stablecoin, but CEO Jeremy Allaire stated in Seoul that the company is closely following South Korea’s ongoing regulatory discussions around stablecoins. He said Circle would consider applying for a license and opening a local branch if foreign stablecoin issuers are given a clear compliance framework. The update also highlighted USDC’s presence in the local market, with the stablecoin accounting for about 42% of daily trading volume on Coinone.