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Toss Tests Stablecoin Payments in Korea | Bitcoin and Crypto News
Description
Toss, South Korea’s top mobile payment app, is testing a new stablecoin backed by the Korean won with blockchain firm Optimism—aiming to prove institutional payments can work on public blockchains while staying compliant, private, and secure. The three-month trial will examine KYC/AML controls, settlement control, and privacy features, with Sunnyside Labs adding privacy tech. This follows similar experiments by Shinhan Card and Visa on Solana, signaling a broader push by payment giants to harness blockchain for faster, safer transactions. Success could pave the way for a fully compliant stablecoin system right in Korea.
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