
Shinhan Bank tests stablecoin-based corporate cross-border transfers with Solana Foundation
- —Shinhan Bank tested the full remittance cycle: counterparty registration, internal approval, FX account checks, payment execution, settlement and refunds
- —Clients do not use crypto wallets or stablecoins directly — transactions run through corporate banking and FX accounts
- —The Solana Foundation participated in the technical work
- —The bank verified protection of counterparty, amount and payment data while confirming transaction validity
Why it matters: A major Korean bank has validated stablecoin settlement for corporate remittances, accelerating institutional adoption.
Source: Digital Today
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