Circle signs a comprehensive memorandum of understanding with Upbit's parent company Dunamu to collaborate in areas such as stablecoins

According to News1, the stablecoin issuer Circle has partnered with Dunamu, the operator of South Korea's largest virtual asset trading platform Upbit, to collaborate in the field of stablecoins and other digital assets.

Dunamu stated that it has signed a comprehensive memorandum of understanding (MOU) with Circle and is discussing cooperation plans in the digital asset sector, including stablecoins, such as jointly promoting educational projects. This initiative aims to enhance market participants' access to information, thereby increasing the trustworthiness of South Korea's digital asset ecosystem.

In particular, Dunamu plans to promote "healthy innovation" in the South Korean digital asset market through collaboration with Circle, which has consistently complied with U.S. regulations and continues to expand its business.