Gate News update: On April 7, as USDC trading volume in South Korea continues to surge, Circle CEO Jeremy Allaire plans to visit South Korea next week to meet with executives from multiple large commercial banks and top crypto exchange operators to discuss stablecoin application scenarios in South Korea, international payments collaboration, and plans for a won-based stablecoin. On the banking side, Allaire will hold consecutive meetings with heads of institutions including KB Kookmin Bank, Shinhan Bank, and Hana Bank. Among them, KB Kookmin Bank met with Circle in June last year and has already completed a feasibility concept test for using the Circle Mint platform. On the exchange operator side, Allaire also plans to meet with a certain CEX operator and executives from multiple cryptocurrency exchanges to discuss measures to expand USDC adoption, the South Korean payments ecosystem, and support for cross-chain technology.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Circle quietly wires USDC into crypto’s new settlement spine
Circle's new USDC Bridge aims to turn cross‑chain transfers into a near‑invisible backend plumbing layer for on‑chain dollars, replacing fragmented bridges with a single bank‑style ledger experience operated end‑to‑end by Circle itself.
Summary
Circle has launched a native USDC Bridge, a burn‑a
Cryptonews10h ago
Newly Created Wallet Deposits $1.99M USDC to Hyperliquid, Opens 5x Leveraged ASTER Long
Gate News message, April 18 — According to Onchain Lens, a newly created wallet deposited $1.99 million USDC to Hyperliquid and opened a 5x leveraged long position in ASTER.
GateNews13h ago
Circle faces a class action lawsuit from Drift; USDC freeze obligations spark legal debate
Representing more than 100 members, Joshua McCollum, a Drift Protocol investor, filed a lawsuit against Circle on Wednesday in the U.S. District Court for the District of Massachusetts. The lawsuit alleges that in the April 1 theft incident involving approximately $280 million worth of Drift Protocol, Circle allowed the attacker to transfer roughly $230 million USDC to Ethereum via a cross-chain transfer protocol.
MarketWhisper04-17 02:45
Circle Faces Class Action Lawsuit Over $230M Unblocked USDC in Drift Protocol Attack
Circle faces a class action lawsuit for failing to freeze $230 million in stolen USDC after the Drift Protocol attack. Plaintiffs argue that Circle's protocols allowed attackers to move and convert the stolen funds without intervention, raising concerns about the company's responsibilities in monitoring cross-chain transfers.
GateNews04-17 01:46
New Wallet Deposits $7.45M USDC to HyperLiquid and Purchases 169,838 HYPE
Gate News message, a newly created wallet deposited $7.45M USDC into HyperLiquid and bought 169,838 HYPE at $43.86. Of that, 10,000 HYPE has been sent for staking.
GateNews04-17 00:34
Drift Protocol Switches From USDC to USDT, Secures $127.5M Recovery Support From Tether
Drift Protocol announced a recovery plan backed by $150 million after a $280 million exploit, transitioning from USDC to USDT, impacting 128,000 users. The plan links user balance restoration to ongoing trading, following criticism of Circle's response to the hack.
GateNews04-16 20:31