The Bank of Korea, South Korea’s central bank, is still lukewarm on proposals to launch a won stablecoin, despite a recent meeting with the USD Coin (USDC) issuer Circle.

The South Korean media outlet Newsway reported that unnamed Circle executives have held recent meetings with officials from the Bank of Korea and lawmakers from the National Assembly.
The parties reportedly “exchanged opinions” on stablecoins in private meetings. The media outlet’s sources said they were not at liberty to reveal “the main agenda or topics discussed” at the talks.