With anticipation for the introduction of a Korean won stablecoin... Toss forms a dedicated TF to review the business
Summary
- Toss has formed a dedicated TF and begun reviewing its business feasibility in response to the possibility of introducing a Korean won-linked stablecoin.
- This TF is led by Kim Kyu-ha, Chief Business Officer (CBO), with three Toss financial affiliates reportedly participating in the initial phase.
- The competition among fintech companies to gain a foothold in the Korean won stablecoin market is intensifying.
As the possibility of introducing a Korean won-linked stablecoin increases, Toss has responded quickly.
According to industry reports on the 7th, Viva Republica, which operates the mobile financial platform Toss, has recently formed a dedicated stablecoin task force (TF) and begun reviewing its business feasibility.
This TF is operated under the leadership of Kim Kyu-ha, Chief Business Officer (CBO), with three Toss financial affiliates reportedly participating in the initial phase. Toss commented, "The participating affiliates may change during the process."
Previously, Kakao also launched a group-level stablecoin TF in collaboration with KakaoBank and KakaoPay. As Toss also took similar action, the competition among fintech companies to take the lead in the Korean won stablecoin market appears to be intensifying.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[New York Stock Market Briefing] Rebound on bargain hunting in blue chips…Apple jumps 4%](https://media.bloomingbit.io/PROD/news/3710ded9-1248-489c-ae01-8ba047cfb9a2.webp?w=250)
