Toss Tests Stablecoin Payments in Korea | Bitcoin and Crypto News

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. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b5440d7e65de604e