Japan
CoinPost
SBI VC Trade Partners with South Korean Card Giant Shinhan Card to Explore Yen Stablecoin Payments at Physical Stores
- SBI VC Trade and SBI XDC Network APAC signed a basic agreement with Shinhan Card (under Shinhan Financial Group, with about 20 million cardholders) to build a blockchain-based payment ecosystem.
- SBI XDC Network APAC and Shinhan Card will collaborate on developing infrastructure and the ecosystem for the XDC Network blockchain, targeting trade finance and corporate use cases, and will jointly study next-generation payment models using digital assets, including pilot tests of yen stablecoin-based in-store payments.
- The three companies also plan to expand cooperation into cross-border payments, including trade settlement, by examining how stablecoins and digital asset infrastructure can link with existing international remittance systems between Japan and South Korea, with further details to be announced progressively.