Toss Bank teams up with Solana this time, and South Korean internet banks are starting to seriously engage in on-chain remittances. Will cross-border stablecoin settlements become the mainstream trend?

According to Digital Today, South Korean internet bank Toss Bank signed a strategic memorandum of understanding with the Solana Foundation in Seoul on June 19th, to test global remittance and settlement infrastructure based on the Solana network, and to explore the possibility of using stablecoins for overseas remittances. Toss Bank stated that this is the first one-on-one strategic partnership agreement between a South Korean internet bank and the Solana Foundation, and plans to start with overseas remittances, gradually assessing the feasibility of blockchain infrastructure in areas such as payments, digital assets, and tokenized assets.