🇰🇷 Toss and Optimism Test Won Stablecoin
**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.
[Read the full announcement](https://optimism.io/blog/two-thirds-of-south-korea-runs-its-money-through-toss-now-toss-is-exploring-putting-the-won) | [Cointelegraph coverage](https://cointelegraph.com/news/south-korea-toss-partners-optimism-won-stablecoins)