Kyobo Life and SBI test yen-won transfers via stablecoins on Canton
- —The project ran from July and concluded in September 2026
- —Test tokens based on the Canton Network were used
- —Direct exchange of a JPY stablecoin into a KRW stablecoin without the dollar
- —Reduced transfer time and costs were confirmed
Why it matters: The case shows major Asian insurers and banks are ready for stablecoin settlements that bypass the dollar, boosting demand for institutional blockchains.
Source: Bloomingbit