Toss and Toss Bank Sign Strategic MOU with Circle on Blockchain Payments, USDC on July 23

According to YNA InfoMax, Toss and Toss Bank signed a strategic memorandum of understanding (MOU) with Circle Internet Group on July 23 to explore collaboration in blockchain-based payment infrastructure and stablecoin technology.

Toss will examine biometric authentication-based payment experiences, USDC-based financial tools, and programmable on-chain payments. Toss Bank will explore integrating stablecoin infrastructure with traditional payment networks and enhance global payment and settlement efficiency using bank account-based settlement capabilities. Both parties will also collaborate on regulatory compliance, risk management, security, and anti-money laundering (AML) measures.