Shinhan and SBI Explore Yen Stablecoin Payments
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AI-assisted source synthesis · not an independent investigation.
On October 21, 2026, CoinDesk reported that Shinhan and SBI had reached a cooperation arrangement and planned to explore the use of yen stablecoins for payments by Japanese visitors in South Korea. The proposed solution is intended for bank card-linked merchants and would support Japanese visitors making purchases at merchants in South Korea. In addition, the two parties will study expanding the application to broader cross-border trade remittances and explore wallet transfers based on peer-to-peer wallets. The report did not specify the launch date, the scope of covered merchants, or the progress of actual transactions.
AI-written from reports · updated 3 hours ago
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- CoinDeskShinhan-SBI agreement explores Japanese visitors using yen stablecoins for payments in South Korea
The cooperation between Shinhan and SBI will explore Japanese visitors using yen stablecoins for payments at card-linked merchants in South Korea, and study peer-to-peer wallet transfers for broader cross-border trade remittances.
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