{"id":95586,"date":"2026-07-23T02:29:14","date_gmt":"2026-07-23T02:29:14","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/95586\/"},"modified":"2026-07-23T02:29:14","modified_gmt":"2026-07-23T02:29:14","slug":"kakao-group-circle-cooperate-on-digital-asset-infrastructure-including-won-stablecoin","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/95586\/","title":{"rendered":"Kakao Group, Circle cooperate on digital asset infrastructure including won stablecoin"},"content":{"rendered":"<p>\t\t\t\t\t\t\t\t\t\t  <img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"400\" alt=\"\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/07\/686217_634411_1639.jpg\" data-loaded=\"true\"\/><\/p>\n<p>\t\t\t\t\t\t\t\t\t\tCircle executives including Chief Strategy Officer and Head of Global Policy Dante Disparte (Dante Desparte), who visited South Korea on the 22nd, visited Kakao Pay&#8217;s Pangyo office to discuss cooperation with Kakao Group to support the domestic digital asset ecosystem. Previn Pillay (Previn Pillay), Circle senior director of financial partnerships; Tae-uk Ryu (\ub958\ud0dc\uc6b1), Kakao vice president; Won-geun Shin (\uc2e0\uc6d0\uadfc), CEO of Kakao Pay; Dante Disparte (Dante Desparte), Circle chief strategy officer and head of global policy; Ho-geun Song (\uc1a1\ud638\uadfc), vice president of KakaoBank; Yam Ki Chan (Yam Ki Chan), Circle head of APAC; and Kyung-hee Son (\uc190\uacbd\ud76c), Kakao Pay vice president, pose for a photo (from left). [Photo: Kakao Pay]<\/p>\n<p>Kakao Group, including Kakao Corp, Kakao Pay and KakaoBank, is joining hands with global fintech firm Circle to review the possibility of building blockchain-based payment and settlement infrastructure, including a won stablecoin.<\/p>\n<p>Kakao Group said on Wednesday it signed a memorandum of understanding with Circle Internet Group for strategic cooperation in digital asset technology.<\/p>\n<p>The two companies plan to combine Kakao Group&#8217;s digital platforms and financial services with Circle&#8217;s experience in developing blockchain and global payments infrastructure to identify business opportunities in payments, settlement and digital asset-linked areas.<\/p>\n<p>They also agreed to jointly review the commercialisation potential of won-based digital assets and tokenised financial services in line with changes in the domestic regulatory and market environment.<\/p>\n<p>They will also review global payments, overseas remittances and merchant settlement measures using Circle&#8217;s payments infrastructure. Discussions will include technical cooperation to improve interoperability between blockchain networks and existing financial systems.<\/p>\n<p>Kakao Group plans to pursue building a digital asset ecosystem by linking Kakao Pay&#8217;s payment services and KakaoBank&#8217;s financial services based on KakaoTalk.<\/p>\n<p>It also plans to review ways to create shared infrastructure that would allow domestic operators to develop stablecoin-based services, in addition to its own won stablecoin business.<\/p>\n<p>Kash Razzaghi (\uce74\uc26c \ub77c\uc790\uae30), Circle&#8217;s chief commercial officer, said he hopes to explore opportunities for financial innovation that fit the regulatory environment by combining Circle&#8217;s global infrastructure with Kakao Group&#8217;s platform and financial services ecosystem.<\/p>\n<p>Won-geun Shin (\uc2e0\uc6d0\uadfc), CEO of Kakao Pay and co-head of Kakao Group&#8217;s stablecoin task force, said Kakao Group will work with Circle to prepare a Korean-style digital asset ecosystem based on its platform and payments and financial services experience.<\/p>\n","protected":false},"excerpt":{"rendered":"Circle executives including Chief Strategy Officer and Head of Global Policy Dante Disparte (Dante Desparte), who visited South&hellip;\n","protected":false},"author":2,"featured_media":95587,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[622],"tags":[12438,827,1043,5255,13991],"class_list":["post-95586","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kakao","tag-circle","tag-kakao","tag-kakao-pay","tag-kakaobank","tag-korean-won-stablecoin"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/95586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=95586"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/95586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/95587"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=95586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=95586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=95586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}