Shinhan Financial Group will use Visa’s platform to test stablecoin issuance, remittance, and redemption while building new AI-powered payment models.
- Shinhan Financial Group plans to use Visa’s stablecoin platform to test issuance, remittances and redemptions while developing artificial intelligence-powered payment models for South Korea.
- The partnership is the first adoption of Visa’s enterprise stablecoin infrastructure by a top-tier South Korean financial group and will include pilots for card settlement and business payments.
- The agreement comes as South Korea advances broad digital asset legislation and Shinhan expands its cryptocurrency initiatives, including tests of stablecoin payments and a won-denominated tokenized fund.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto job postings triple to over 1,200 in September, but applications fall
Original sourceCoinDesk
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