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The XDC Network is a blockchain technology solution built by XinFin. It is a global, open-source, delegated proof of stake consensus network (XDPoS) that enables hybrid relay bridges, instant block finality, and interoperability with ISO 20022 financial messaging standards. The network's hybrid (private/public) architecture is designed to support institutional use in trade finance and asset tokenization.
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Two subsidiaries of SBI sign memorandum of understanding with South Korea's Shinhan Card to explore stablecoin cross-border payments and settlements
SBI Holdings' joint venture SBI XDC Network APAC and its cryptocurrency trading subsidiary SBI VC Trade have signed a memorandum of understanding (MOU) with major South Korean credit card issuer Shinhan Card to collaborate on building a blockchain-based global payment and settlement ecosystem.
Shinhan Card Signs Agreement with SBI to Test Yen Stablecoin Payments and Cross-Border Settlement
South Korean credit card company Shinhan Card has announced that it has signed an agreement with Japanese electronic payment instrument trading service providers SBI VC Trade and SBI XDC Network APAC to test yen stablecoin payments for tourists and cross-border trade settlement between Japan and South Korea. The agreement was signed on Tuesday, and the testing scope includes stablecoin card payments, wallet-to-wallet payments, and cross-border settlement, as well as evaluating anti-money laundering and fraud detection mechanisms.The initiative aims to support cross-border payments and settlement between South Korea and Japan and improve payment convenience for tourists. In the first eight months of 2026, tourist exchanges between the two countries exceeded 10 million visits, including 7.42 million South Korean visitors to Japan and 2.7 million Japanese visitors to South Korea.Shinhan Card announced in April this year that it had completed a proof of concept for stablecoin payments and cross-border settlement. SBI VC Trade registered in March 2025 as Japan's first electronic payment instrument trading service provider and can handle USDC. (Cointelegraph)
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.