South Korea’s Toss Bank Teams Up With Solana Foundation to Pilot Stablecoin Remittances

Toss Bank, one of South Korea’s largest internet-only banks, has entered into a memorandum of understanding with the Solana Foundation to explore blockchain-based infrastructure for cross-border payments and settlements.

Under the agreement, the two organizations will test the Solana network for international transfers while evaluating the potential use of stablecoins in overseas remittances. According to Toss Bank, the deal marks the first direct strategic partnership between a South Korean internet-only bank and the Solana Foundation.

The collaboration will initially focus on cross-border remittance services, with Toss Bank planning to gradually assess how blockchain technology could be applied more broadly across payments, digital assets, and tokenized assets.

Source: Digital Today