Shinhan Bank, a South Korean financial institution, and SBI, a Japanese fintech firm, have partnered to explore the use of yen stablecoins in cross-border transactions.
Source
"Japan-South Korea Stablecoin Pact Expands Cross-Border Payment Options" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
The agreement will focus on enabling Japanese visitors to use yen-based stablecoins for card-linked merchant payments and peer-to-peer wallet transfers in South Korea.
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