Toss Partners With Optimism and Sunnyside Labs to Test Three-Month Blockchain PoC for Won-Based Stablecoin

OP5.09%
South Korean fintech app Toss launched a strategic partnership with Optimism and Sunnyside Labs on July 8, 2026, to conduct a three-month proof-of-concept (PoC) project evaluating blockchain infrastructure for a potential Korean won-based stablecoin. The initiative will assess whether Optimism's OP Stack technology can support Layer 2 blockchain-based financial infrastructure designed for institutional compliance, combining regulatory requirements such as KYC and AML procedures with privacy protections. Sunnyside Labs will contribute Privacy Boost technology to address transparency challenges on public blockchains, while maintaining data confidentiality for institutional access. Toss aims to integrate blockchain solutions with its existing payment ecosystem, which serves over 30 million users and 500,000 payment locations.
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