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South Korean mobile payments application Toss has reportedly agreed with the Optimism ($OP) blockchain network and Sunnyside Labs to run a proof of concept on whether a Korean won-denominated stablecoin is viable for payment use.
The arrangement, described in a published report, has not been confirmed by any of the three parties in an official statement. Three-party arrangement The proof of concept names three participants.
Toss is the mobile application on the payments side. Optimism, whose native token is $OP, is the blockchain on which the stablecoin would be developed.
Sunnyside Labs is named as the third party, though the report does not describe what Sunnyside Labs contributes or which organization is directing the work.
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