Toss Bank Signs MOU with Solana Foundation to Explore Stablecoin Financial Services on June 19

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According to Toss Bank, on June 19 the South Korean internet bank signed a memorandum of understanding with the Solana Foundation to collaboratively develop blockchain-based financial infrastructure. This marks the first direct partnership between a domestic internet bank and Solana Foundation. The collaboration will involve phased proof-of-concept (PoC) projects on Solana's network, including cross-border settlement infrastructure, blockchain-based payment and settlement models, and stablecoin-enabled financial services. The first phase will validate the technical feasibility of stablecoin transfers on Solana, focusing on user experience design and compliance integration with anti-money laundering (AML) and know-your-customer (KYC) requirements.
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