South Korea’s Shinhan Bank has completed a stablecoin remittance pilot project with Asian partners

South Korea’s Shinhan Bank has completed its second proof-of-concept using stablecoins for international transfers. Siam Commercial Bank’s SCB TechX unit and an unnamed Taiwanese financial institution also participated in the project. The project performed real-time settlement and integration of foreign exchange with the national currencies of banks in the Hedera network. The project was compatible […]