Toss Bank and Solana Foundation to Test Solana-Based Remittances and Stablecoin Use - FinanceFeeds — 2026-06-22

## Short Segments MoneyGram expands its blockchain payments strategy by becoming a validator on Solana. This move marks Solana as the third blockchain where MoneyGram operates an official validator, alongside Tempo and the Midnight Network. By joining Solana, MoneyGram aims to enhance its stablecoin payments strategy, following the recent launch of its MGUSD stablecoin on Stellar. As a validator, MoneyGram will help process and secure transactions on the Solana network, further integrating blockchain infrastructure into its payment operations. This development highlights MoneyGram's commitment to leveraging blockchain technology for more efficient and secure payment solutions. For the broader ecosystem, this means increased transaction security and potentially faster payment processing for users relying on MoneyGram's services. LGHL makes a strategic investment in an Indonesian stablecoin provider, signaling a significant move in digital financial infrastructure. Lion Group Holding Ltd. has announced a stock-for-participation arrangement to invest up to $12 million in PT Nusantara Bumi Sangkara, an Indonesian company focused on digital financial solutions. This investment will give LGHL an indirect 10% economic interest in the provider of NIDR, an Indonesian Rupiah-pegged stablecoin. By supporting the issuance of NIDR, LGHL aims to bolster its Digital Asset Treasury and Aquila AI infrastructure. This strategic move underscores the growing importance of stablecoins in facilitating digital financial transactions and expanding financial inclusion in emerging markets. The Bank of Korea advances its CBDC deposit token initiative, moving closer to real-world usage. In its second phase, the project will integrate deposit tokens into existing banking systems, aiming for commercialization beyond a simple demonstration. The Bank of Korea, along with participating banks, is working towards establishing conditions for a formal rollout, which includes expanding usage to person-to-person transfers and more merchants. This initiative reflects South Korea's proactive approach to digital currency adoption and its potential to transform traditional banking operations. For the banking sector, this means preparing for a future where digital currencies play a central role in financial transactions. ## Feature Story Toss Bank partners with the Solana Foundation to test Solana-based remittances and stablecoin use, marking a significant step in blockchain-based financial infrastructure. South Korea's Toss Bank, a leading internet-only bank, has signed a memorandum of understanding with the Solana Foundation to explore blockchain-based global remittance and settlement infrastructure. This partnership aims to test the feasibility of using stablecoins for cross-border payments, with plans to expand into broader financial services such as payments and digital assets. The collaboration comes at a time when South Korea is preparing new regulations for virtual asset transfer services, highlighting the growing regulatory focus on digital currencies. For Toss Bank, this pilot project represents an opportunity to leverage Solana's blockchain technology to offer faster and cheaper international remittances to its 15 million customers. By using Solana's infrastructure, Toss Bank aims to streamline cross-border transactions, potentially reducing costs and increasing efficiency for end users. This initiative also aligns with the broader trend of traditional financial institutions exploring blockchain technology to enhance their service offerings. As the pilot progresses, the financial industry will be watching closely to see how blockchain can be integrated into mainstream banking operations, potentially setting a precedent for other banks to follow. Looking ahead, the success of this pilot could pave the way for more widespread adoption of blockchain-based financial services, further bridging the gap between traditional finance and digital assets. For now, the focus remains on testing and validating the technology's capabilities, with the potential for significant operational changes in the future.