South Korean fintech company Toss plans to start global expansion from Australia, aiming to issue Korean won stablecoins

PANews September 9th news, according to Reuters, Lee Seung-gun, founder and CEO of Toss, a Korean fintech unicorn company, said that Toss plans to launch its "one-stop" financial application in Australia this year and expand to other markets, and aims to issue stablecoins denominated in South Korea won once regulation allows. "We have proven in South Korea that startups can compete head-on with established companies, and a similar model can work globally," it said in an interview on Tuesday. The company has set up branches in Australia and plans to launch core services such as peer-to-peer transfers by the end of the year. The company is also evaluating other regions, and Singapore will mainly serve as a regional hub. Previously, Reuters reported in July that Toss aims to list in the United States in the second quarter of 2026, with a valuation of more than $10 billion. Some market observers say its valuation could exceed $15 billion, which would make the IPO the largest in the U.S. since 2021.