Shinhan Card and SBI test yen stablecoins for Japan-Korea travel and trade
Briefing by News4U · First published
Shinhan Card and SBI subsidiaries will trial yen stablecoin payments, wallet transfers and trade settlement between South Korea and Japan.
Shinhan Card signed an agreement with SBI VC Trade and SBI XDC Network APAC to test yen stablecoin card payments, wallet-to-wallet transfers and cross-border trade settlement between South Korea and Japan. [1] [2]
The firms will also assess anti-money-laundering and fraud-detection controls. The project remains at an early stage with no named stablecoin or timeline. [1] [2]
Sources
- Shinhan, SBI make Japan-Korea tourist spending a test case for yen stablecoins
Cointelegraph · · Full text
- Japanese visitors may be able to pay with yen stablecoins in South Korea under Shinhan-SBI pact
CoinDesk · · Full text