Shinhan-SBI Pact Points to Yen Stablecoin Payments in South Korea
Edited by Steinar Vigdel Kolnes, Editor, Oslo
A Shinhan-SBI pact could allow Japanese visitors to use yen stablecoins for payments in South Korea, according to CoinDesk.
Japanese travelers could gain an option to pay with yen stablecoins while visiting South Korea under a pact between Shinhan and SBI, CoinDesk reported.
The arrangement points to a potential cross-border payment use for yen stablecoins, with visitors from Japan as the intended users.
The supplied report does not confirm a launch or provide details on timing, participating merchants or how the payments would work.
Source: CoinDesk