Toss Bank and Solana Foundation Sign MOU to Test Stablecoin Remittances

South Korea's Toss Bank signed a memorandum of understanding with the Solana Foundation to test cross-border stablecoin remittances for its 15 million customers, starting with a proof of concept.

Toss Bank and Solana Foundation Sign MOU to Test Stablecoin Remittances South Korea's Toss Bank signed a memorandum of understanding with the Solana Foundation to test cross-border stablecoin remittances for its 15 million customers, starting with a proof of concept. Aaron Rafferty June 24, 2026 Key Takeaways South Korea's Toss Bank signed an MOU with the Solana Foundation on June 19, 2026 to test cross-border stablecoin remittances. Toss Bank serves 15 million customers and already runs remittances across 30 countries and seven currencies. The deal starts as a proof of concept, with plans to expand into payments, digital assets, and tokenized real-world assets. South Korea's Toss Bank signed a memorandum of understanding with the Solana Foundation to build and test cross-border remittance rails on the Solana blockchain, the companies said. The agreement was signed in Seoul on June 19, 2026, and reported by Cryptopolitan and crypto.news . Toss Bank is South Korea's third-largest internet-only bank, with 15 million customers, and its existing remittance service already covers 30 countries and seven currencies. The first phase is a proof of concept testing whether stablecoins can make cross-border transfers faster and cheaper. From there, Toss says it plans to move into payments, digital assets, and tokenized real-world assets. Cross-border remittances are a natural first use for stablecoins because the existing system is slow and expensive, often taking days and charging several percent per transfer. A bank with 15 million customers testing that on a public chain is a larger signal than most pilot announcements, which tend to come from crypto-native firms rather than licensed banks. The bank framed the deal as a test, not a live product. The companies des