South Korean Fintech Company Toss Plans to Launch Korean Stablecoin Starting in Australia

According to reports, South Korean fintech unicorn company Toss's founder and CEO Lee Seung-gun stated that Toss plans to launch its 'all-in-one' financial app in Australia and expand to other markets, with the aim of issuing a stablecoin pegged to the Korean won once regulations permit. He said in an interview on Tuesday, 'We have proven in Korea that startups can compete head-on with established companies, and a similar model can work globally.' The company has established a branch in Australia, planning to launch core services such as peer-to-peer transfers by the end of the year, and is also evaluating other regions, with Singapore set to be a key regional hub. Reuters previously reported that Toss aims to go public in the US in the second quarter of 2026, with a valuation exceeding $10 billion. Some market observers suggest its valuation could surpass $15 billion, making this IPO the largest by a South Korean company in the US since 2021.

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