Shinhan and SBI Test Yen Stablecoin Payments

South Korean issuer Shinhan Card and Japanese firm SBI Holdings test yen-backed stablecoin payments for cross-border transactions. The collaboration explores card-linked merchant payments and peer-to-peer wallet transfers between the two nations. While at an early stage without a set commercial timeline, the initiative builds on Shinhan's broader digital asset push with Visa. JPYSC introduced with Startale Group in June.