Korean fintech company Toss plans to launch a won stablecoin starting from Australia

ChainCatcher news, Lee Seung-gun, the founder and CEO of the South Korean fintech unicorn Toss, stated that Toss plans to launch its "one-stop" financial application in Australia and expand into other markets, aiming to issue a stablecoin denominated in Korean won once regulatory approval is obtained.

In an interview on Tuesday, he said, "We have proven in Korea that startups can compete head-to-head with established companies, and a similar model can work globally." The company has established a branch in Australia and plans to launch core services such as peer-to-peer transfers by the end of the year. The company is also evaluating other regions, with Singapore serving primarily as a regional hub.

Previously, Reuters reported that Toss aims to go public in the United States in the second quarter of 2026, with a valuation exceeding $10 billion. Some market observers suggest that its valuation could exceed $15 billion, making this IPO the largest for a South Korean company in the U.S. since 2021.