Sh Suhyup Bank completes stablecoin PoC for deposits, loans and remittances
- —PoC covered opening, topping up and early closing of stablecoin savings deposits
- —Stablecoin-collateralized lending tested from application through repayment and liquidation
- —KRW stablecoin converted to a USD stablecoin and sent to an overseas digital wallet
Why it matters: The bank validated stablecoins for mainstream banking products, moving South Korea closer to commercial launches.
Source: Digital Today