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South Korea's Gwangju Bank and Toss successfully test stablecoin QR payments
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Fusion42 · 9 October 2026 · Fusion42 review
South Korea's Gwangju Bank and fintech company Toss successfully conducted a proof of concept for stablecoin payments via QR codes, linking mobile banking and payment apps for seamless transactions. A second trial is planned to streamline the payment steps and involve real merchants, aiming to lay groundwork for future commercial stablecoin payment services.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You must start preparing your product for integration with stablecoin payments, as banks and fintech firms in South Korea are advancing beyond proof of concept. The next phase will cut customer payment steps, opening merchant access and competitive pressure in digital wallet and payment app sectors.
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1 source · 8 Oct 2026
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