South Korea’s Toss to Test Proof of Concept for a Korean Won Stablecoin With Optimism and Sunnyside Labs

South Korean fintech company Toss said it has partnered with Optimism and Sunnyside Labs to explore a stablecoin denominated in the Korean won. According to ChainCatcher, the three parties plan to run a proof-of-concept test over the coming months to assess the feasibility of building compliant blockchain-based digital financial infrastructure using OP Stack. The testing is intended to provide technical validation for potential applications related to a Korean won stablecoin.