Optimism signs MOU with Toss to explore onchain payments for 30 million users in South Korea

• Optimism, Toss, and Sunnyside Labs are collaborating on a three-month proof-of-concept to test a Korean Won-pegged stablecoin on the OP Stack for Toss's 30 million users.
• The initiative aims to explore blockchain-based payment infrastructure for everyday use in South Korea, integrating with over 500,000 merchants.
• Key challenges include navigating South Korea's stringent regulatory environment for stablecoins and demonstrating institutional-grade compliance through Sunnyside Labs' Privacy Boost technology.

Topics: Asset types, Blockchain usage, Compliance, Stablecoins digital cash, Layer 2 scaling, Kyc proof of identity, Aml antimoneylaundering

Tags: #optimism #toss #krwpeggedstablecoin #onchainpayments #opstack #sunnysidelabs #proofofconcept #southkorea #kyc #aml

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Tether Mass Delistings? + Stablecoin Catalysts Coming!🚨WalletConnect🔥CEO INTERVIEW Jess Houlgrave

🎬 Tether Mass Delistings? + Stablecoin Catalysts Coming!🚨WalletConnect🔥CEO INTERVIEW Jess Houlgrave
Tether's USDT has been delisted by major crypto exchanges (including Binance, Coinbase, Kraken, and Crypto.com) specifically for users in the European Economic Area. This occurred because Tether chose not to pursue registration under the EU’s Markets in Crypto-Assets (MiCA) regulation. Meanwhile, WalletConnect is empowering the stablecoin ecosystem for millions of merchant around the world.
~This episode is sponsored by Tangem~

➤ Tether (USDT) is being delisted in the EEA due to MiCA regulation non-compliance, while WalletConnect is expanding its on-chain payment infrastructure for merchants globally.
➤ WalletConnect aims to simplify crypto payments for millions of merchants and users by integrating with various POS systems and wallets, abstracting away crypto complexities.
➤ The discussion highlights the growing importance of Euro-denominated stablecoins and the potential impact of regulatory clarity (like the Clarity Act) on the broader adoption of RWA and stablecoin payments.

#Tether #USDT #MiCA #WalletConnect #stablecoin #onchainpayments #Circle #USDC #merchantpayments #EUregulation

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