South Korean Shinhan Financial institution completes stablecoin remittance pilot with Asian companions

South Korea’s Shinhan Financial institution has accomplished its second proof-of-concept utilizing stablecoins for worldwide remittances. Siam Business Financial institution’s SCB TechX unit and an unnamed Taiwanese monetary establishment additionally participated within the venture.

The venture carried out real-time settlement and international trade integration with the banks’ nationwide currencies on the Hedera community. The venture was suitable with the Digital Machine (EVM), opening it up to make use of by a bunch of different stablecoins.

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