CoinTelegraph
Toss and Optimism Partner to Pilot Korean Won-Based Stablecoin for Institutional Payments
July 8, 2026•08:33 AM
Viva Republica, the powerhouse behind South Korea's Toss mobile app, has entered a strategic partnership with Optimism to launch a proof of concept (PoC) for a Korean won-based stablecoin. By leveraging the OP Stack, the initiative aims to test the feasibility of integrating blockchain-based payment infrastructure into the traditional institutional financial sector.
In collaboration with Sunnyside Labs, the three-month PoC will focus on the critical intersection of compliance and privacy. The companies aim to determine if financial institutions can maintain control over settlement processes and strictly adhere to KYC and AML requirements while utilizing Sunnyside's Privacy Boost protocol to ensure transaction privacy on a public blockchain ledger.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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