Danal joins Circle's Alliance Program

Danal, the operator of Paycoin (PCI), has joined the Alliance Program of USD Coin (USDC) issuer Circle, becoming the first South Korean payment company to do so, the Electronic Times reported. Circle launched its Alliance Program in November 2023 to develop an internet-based financial system. The two companies held informal talks earlier this year to discuss potential cooperation on stablecoin services in the South Korean market.