Exchanges· ★★★· bullish·

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