Japanese Visitors Could Pay with Yen Stablecoins in South Korea Under Shinhan-SBI Partnership
Key Highlights: Shinhan Card and SBI Holdings subsidiaries are exploring yen-backed stablecoin payments between Japan and South Korea, including card-linked transactions and wallet-to-wallet transfers. The collaboration will also examine cross-border trade settlement using stablecoins, with compliance frameworks covering anti-money laundering and suspicious transaction detection. SBI’s existing yen stablecoin, JPYSC, already had approximately 20.1 billion yen ...