South Korea · CryptoSlate
South Korean digital bank with 15M users turns to Solana stablecoins for overseas transfers
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Toss Bank's Solana proof of concept would put stablecoin remittance infrastructure beside a regulated bank app used by millions of customers.
Key facts
- In a June 22 post, Solana said South Korea's Toss Bank is set to use the network for a global remittance and settlement PoC
- Toss Bank became the first South Korean internet-only bank to partner with the organization behind Solana, according to The Korea Herald
- Solana framed the opportunity around Toss Bank's reach, saying the bank has roughly 15 million customers
- Park Jin-hyun, Toss Bank's head of strategy, said the partnership was a first step toward integrating blockchain-based digital infrastructure into existing financial services, according to The Korea
Summary
01 Toss Bank will test Solana-based stablecoin remittance and settlement infrastructure inside its regulated banking app. 02 The PoC could let the bank keep onboarding, compliance, and support in-house while testing faster cross-border settlement. 03 Launch timing, corridor, issuer, custody, and eligible users remain undisclosed, so customers cannot use it yet. In a June 22 post, Solana said South Korea's Toss Bank is set to use the network for a global remittance and settlement PoC.