[Circle Plans to Provide Technical Support to Local Korean Institutions to Help Them Issue Stablecoins After Approval] BlockBeats News, April 15, Circle CEO Jeremy Allaire stated that Circle currently has no plans to launch a stablecoin pegged to the Korean Won (KRW). However, the company is closely monitoring legislative progress in the Korean National Assembly regarding stablecoin regulation. If Korea establishes a clear legal framework for global companies, Circle is willing to apply for a license and set up a branch in Korea. Faced with Korea's regulatory deadlock (where lawmakers lean toward allowing tech companies to issue stablecoins, while the banking sector and the Bank of Korea advocate for exclusive issuance by banks), Circle has opted not to directly issue a KRW stablecoin. Instead, it plans to provide technical support to local Korean banks and crypto companies to help them issue stablecoins after obtaining approval. During this visit, Allaire met with executives from several major Korean banks and crypto enterprises, as well as held a separate meeting with executives from the Coinone exchange platform. Circle will continue to actively seize opportunities arising from the thriving Korean crypto ecosystem, leveraging its existing USDC business and technical services to profit from the Korean market while awaiting regulatory clarity.