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Circle and Kakao ink MOU to test USDC-powered payments across South Korea

Circle and Kakao Group have signed a memorandum of understanding to explore blockchain-driven payment infrastructure in South Korea, focusing on stablecoin transactions and cross-border remittances. The partnership aims to integrate Circle's stablecoin technology with Kakao's extensive ecosystem, including Kakao Pay and Kakao Bank, potentially impacting web3 gaming and simplifying GameFi transactions.