Circle CEO Jeremy Allaire: "We will not directly issue a Won stablecoin... will provide technical support to Korean banks."
Following a series of meetings with Korean regulators, banks, and exchanges, discussions are underway for the adoption of a "blockchain-based SWIFT." Circle has partnered with major virtual asset exchanges, stating that "privately-led on-chain currency is national competitiveness," but clarified that Circle will not directly issue a Won stablecoin, instead offering technical support to Korean banks.
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"Circle CEO Jeremy Allaire: "We will not directly issue a Won stablecoin... will provide technical support to Korean banks."" — BullBear's AI rates this story as a bullish (positive) signal for markets, with a market-impact score of 75 out of 100. Following a series of meetings with Korean regulators, banks, and exchanges, discussions are underway for the adoption of a "blockchain-based SWIFT." Circle has partnered with major virtual asset exchanges, stating that "privately-led on-chain currency is national competitiveness," but clarified that Circle will not directly issue a Won stablecoin, instead offering technical support to Korean banks. Reported by Maeil Business on April 13, 2026. The call is verified against the actual 24-hour price move on BullBear's public conviction ledger.
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