South Korea’s Toss Bank — the country’s third-largest internet-only bank — signed an MOU with the Solana Foundation on June 19, marking the first direct one-to-one partnership between a Korean internet-only bank and the Foundation. The agreement kicks off a phased proof of concept to test whether Solana-based stablecoin rails can improve the speed and cost of cross-border transfers across the bank’s existing 30-country remittance service, with longer-term exploration of tokenized assets and bloc...