Circle announced two separate partnerships with Kakao Group and Toss Bank on Thursday, as the stablecoin issuer continues to drive its expansion in South Korea.
In a post on X, Circle said that it has signed a Memorandum of Understanding with Kakao Group to "explore blockchain-based payment infrastructure" in the country.
Kakao, a major South Korean super app, operates a wide range of services, including KakaoTalk, Kakao Pay and KakaoBank.
Circle also said it is working with Toss Bank to assess opportunities for stablecoin-based payments.
The internet-only bank has been expanding its presence in the crypto sector and last month announced a partnership with the Solana Foundation to develop blockchain-based financial infrastructure for global users.
