KB Financial Group said on April 6 that Circle founder and CEO Jeremy Allaire will visit South Korea on April 13 for talks with the group’s executives. The meeting was arranged to strengthen the strategic cooperative relationship between the two sides and to discuss specific implementation measures for innovation in digital financial infrastructure.
Cooperation between KB Financial and Circle is being carried out as an execution-oriented partnership focused on working-level implementation. Cooperation gathered pace after an executive meeting in June 2025.
KB Financial later completed a proof-of-concept using Circle’s stablecoin issuance and management platform, Circle Mint. Through the proof-of-concept, KB Financial conducted operational testing across the full process, including issuing stablecoins based on fiat currency deposits, transfers, withdrawals and exchanges between stablecoins. It secured core technical capabilities needed for actual financial services, such as wallet structure, transaction limits and cost management.
The two sides have continued to cooperate. During a separate meeting when key Circle executives visited South Korea late last year, they reviewed their cooperation roadmap while pursuing technology sharing and business model development in parallel.
KB Financial and Circle are currently expanding discussions in a range of areas, including domestic use of USDC, cooperation on international payments and the possibility of issuing a won-based stablecoin. Cooperation to build next-generation payment infrastructure, including blockchain-based overseas remittances and trade settlement, is cited as a key task.
A KB Financial official said the CEO meeting would be an opportunity to expand the partnership to the next stage based on the existing proof-of-concept. He added it would strengthen competitiveness in the digital asset market.
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