Toss partners with Optimism to explore won-based stablecoin

Viva Republica, the operator of South Korean fintech app Toss, has signed a strategic memorandum of understanding (MOU) with Optimism (OP) and Sunnyside Labs to explore the development of a won-pegged stablecoin, Aju Business Daily reported today. The partnership aims to verify next-generation digital financial infrastructure, with the goal of establishing a blockchain-based payment and settlement environment that meets institutional-grade security and regulatory standards. Over the next three months, the three companies will conduct a proof-of-concept (PoC) to assess the feasibility of applying Optimism's core technology, the "OP Stack," to South Korea's digital financial infrastructure.