Shinhan, SBI make Japan-Korea tourist spending a test case for yen stablecoins
Summary
Shinhan Card, SBI VC Trade and SBI XDC Network APAC will test yen stablecoin payments for travelers and cross-border trade between South Korea and Japan. Trials will cover card and wallet-to-wallet payments, trade settlement, and anti-money-laundering and fraud controls. The project follows Shinhan’s stablecoin proof of concept completed in April. SBI VC Trade is registered in Japan to handle USDC.
