PANews September 9 news, according to Reuters, 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 this year and expand into other markets, aiming to issue a stablecoin denominated in Korean won as soon as regulations allow. 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 assessing other regions, with Singapore primarily serving as a regional hub.
Earlier, Reuters reported in July 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 indicated that its valuation could surpass $15 billion, making the IPO the largest by a South Korean company in the U.S. since 2021.
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