Viva Republica Plans Stablecoin Launch Amid Regulatory Developments in South Korea

Viva Republica has announced its intention to issue and distribute stablecoins through its Toss platform, which currently serves 30 million users. According to NS3.AI, this move aligns with South Korea's preparations for the Digital Asset Basic Act, as major tech and financial groups are gearing up for a new stablecoin framework. The announcement comes after a recent exchange-rate glitch at Toss Bank resulted in approximately $19.4 million in trades and prompted an on-site inspection.