Upbit Signs MOU with Circle for Virtual Asset Education in Korea

Dunamu, the operator of Upbit, announced on the 13th that it has signed a comprehensive memorandum of understanding (MOU) with Circle, the issuer of the US dollar stablecoin USDC.

The two companies plan to discuss educational activities related to virtual assets. An Upbit representative stated, "We have agreed to work together to improve information accessibility for market participants and to build a trustworthy virtual asset ecosystem in Korea."

Okyoungseok, CEO of Dunamu, said, "We are pleased to collaborate with Circle, which has expertise in operating regulatory-compliant virtual asset businesses," adding, "We will strive to create a sound virtual asset ecosystem within the regulatory framework."

Jeremy Allaire, CEO of Circle, remarked, "Korea is an extremely important market for digital asset innovation," and added, "We are very pleased to partner with Dunamu to accelerate education and responsible innovation based on strong regulatory compliance."

Oh Kyung-seok, CEO of Dunamu (left), and Jeremy Allaire, CEO of Circle (right), are posing for a commemorative photo on the 13th at Dunamu in Seocho, Seoul, during the 'MOU for Domestic Digital Asset Innovation and Education.' Dunamu

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