Circle Pitches USDC for Korean Trade Settlements, Cutting Collateral Needs From 5 to 2 Days
- —A major remittance firm cut collateral requirements from 5 days to 2 after moving to USDC
- —Katz cited trade finance, escrow, treasury and receivables management as use cases
- —Circle called for real-time risk monitoring since USDC settles 24/7
- —The Seoul seminar was hosted by lawmaker Kim Hyun-jung and the Digital Finance Law Forum
Why it matters: The case shows USDC can free up corporate working capital, strengthening the case for won-backed stablecoin rules in Korea.
Source: TokenPost