South Korean fintech unicorn Toss is set to launch a finance superapp in Australia as part of its first overseas venture. Toss aims to establish a seamless financial experience for users juggling multiple bank accounts and fintech apps, leveraging Australia's fragmented banking system and open banking rules. The company, which has attracted over 30 million users since its inception in 2015, plans to start with core services like peer-to-peer money transfers by the end of this year. In tandem with its expansion, Toss is preparing to issue a Korean won-based stablecoin, pending regulatory approval in South Korea. CEO Lee Seung-gun emphasized their confidence in competing with established players in global markets. The company's plans come amidst increasing institutional interest in digital assets, highlighting a growing ecosystem around stablecoins and regulatory support for innovative financial solutions.

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