🇰🇷 Toss and Optimism Test Won Stablecoin
🇰🇷 Toss and Optimism Test Won Stablecoin
🇰🇷 Korea's money experiment
Optimism partners with Toss to explore blockchain-based finance in South Korea
Toss, the financial super-app used by over 30 million South Koreans (two-thirds of the population), has signed an MOU with Optimism to test putting the Korean Won onchain.
Key details:
- Three-month proof of concept launching with Optimism, PrivacyBoost, and Toss
- Testing a Won-backed stablecoin built on the OP Stack
- Focus on meeting Korea's compliance, privacy, and control requirements
- Toss handles banking, payments, investing, credit, and taxes for users
The pilot will determine whether money can settle onchain while maintaining regulatory standards. If successful, this could establish the OP Stack as infrastructure for compliant digital finance at national scale.
Two-thirds of South Korea, more than 30M people, run their financial lives through Toss: banking, payments, investing, credit, taxes, all in one app. Optimism and Toss just signed an MOU to explore putting the Won onchain.
Over the next three months, Optimism, @PrivacyBoost, and @toss__official will run a proof of concept for a Won-backed stablecoin on the OP Stack, testing whether money can settle onchain while meeting Korea's compliance, privacy, and control standards.
Read more on our blog: optimism.io/blog/two-third…
Toss moves money for two-thirds of South Korea. We're partnering with them to test the OP Stack as the foundation for compliant, blockchain-based digital finance infrastructure. Per @Cointelegraph: cointelegraph.com/news/south-kor…
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