Korbit, one of Korea’s leading crypto exchanges, has officially joined the Circle Alliance Program, a global initiative led by Circle, the issuer of the stablecoin USDC. This move signals Korbit’s deeper engagement with the global infrastructure built around USDC and reflects its strategic aim to strengthen its position in the stablecoin space.
Launched in November 2023, the Circle Alliance is a global community of more than 250 organizations, including fintech firms, traditional financial institutions, and Web3 companies. The alliance is committed to advancing the adoption of USDC and expanding the use of on-chain financial applications.
By joining the program, Korbit plans to collaborate with international partners, enhance its technology stack, and explore new use cases for USDC. According to Lee Jung-woo, CTO/CPO of Korbit, “This membership marks an important step toward aligning Korbit with the evolving global financial infrastructure. We look forward to ongoing innovation powered by Circle’s ecosystem.”
While many Korean exchanges have so far limited their stablecoin strategies to basic listing and liquidity provisions, Korbit’s participation in this alliance is seen as a turning point that will elevate the quality and technical capabilities of its services.
Looking ahead, Korbit aims to leverage this partnership to expand its stablecoin offerings, link with Web3 projects, and lay the groundwork for on-chain payment systems as part of its long-term growth strategy.
