Summary

  • Viva Republica said it is building a wallet and payment infrastructure for stablecoin distribution, with the goal of having an internally completed service by early next year.
  • The company said the absence of related legislation makes it difficult to launch a specific service, leaving it focused for now on general-purpose technology and services at the level of won payments and settlement.
  • It said it is also considering expanding financial services tied to the Toss ecosystem, including stablecoin-based AI agents, stock investment, deposits, and micropayments.

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Viva Republica, the operator of South Korean fintech platform Toss, is building wallet and payment infrastructure for stablecoin distribution, the company said.

Seo Chang-hoon, a managing director at Viva Republica, disclosed the plan on Nov. 10 at a seminar titled “Challenges After the Digital Asset Basic Act,” held at the Korea Financial Investment Association’s Financial Investment Education Institute.

“We are also interested in issuing stablecoins, but our core business is distribution,” Seo said.

Seo also briefly outlined Toss’s stablecoin business plans. The company recently formed an internal technical team to develop a wallet and build payment-capable infrastructure. It aims to have a service that is internally more or less complete by early next year.

However, Seo said the absence of relevant legislation is making it difficult to offer a specific service.

“It is not clear what we can do and how far we can go, so for now we are preparing mainly around general-purpose technology,” he said.

Financial services using artificial intelligence agents powered by stablecoins are also an area of interest for Toss.

“If stablecoins are introduced, AI agents could automatically handle stock investments, deposits and monthly rent payments based on user requests,” Seo said. “We envision a future in which services across the Toss ecosystem, including Toss Bank, Toss Securities and commerce, are linked together.”

He added that stablecoins could also enable micropayments, which have been difficult under existing systems.

“While there is potential to improve convenience for the public across a range of services, it is unfortunate that for now we are limited to preparing services at the level of won-denominated payments and settlement,” Seo said.

Uk Jin