SBI VC Trade and South Korea's Shinhan Card Reach Collaborative Intent to Explore Offline Yen Stablecoin Payments

As reported by CoinPost, SBI VC Trade, a cryptocurrency exchange under the SBI Group, and SBI XDC Network APAC, a joint venture with SBI Holdings, signed a memorandum of understanding with Shinhan Card, one of South Korea’s largest credit card companies, on October 21, to jointly build a blockchain-based global payment ecosystem. The three parties will explore the integration of digital assets, such as Japanese yen stablecoins, with in-store payment services, and assess the commercial viability of new digital payment services and business models through pilot programs. Meanwhile, SBI XDC Network APAC and Shinhan Card will collaborate to advance the development of the XDC Network infrastructure and ecosystem for trade finance and enterprise use cases.