South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Samsung, Shinhan, Dunamu deny joining OUSD stablecoin alliance: Report
The denial by major firms highlights potential challenges in securing credible partnerships, impacting the perceived stability and...
Brazil Central Bank proposes 24-hour holds on large dollar stablecoin transfers
The proposed regulation may slow cross-border crypto transactions, impacting market liquidity and increasing compliance costs for...
Visa Launches Stablecoin Pilot With M-Pesa in DRC to Test Cross-Border Transfers
Visa, M-Pesa and Onafriq have launched a pilot program in the Democratic Republic of Congo using U.S. dollar-pegged stablecoins to...
Open USD Backlash: Consortium Faces Allegations of Faking Key Stablecoin Partnerships
Some companies that appeared to be listed in the Open USD Consortium have refused to approve their inclusion. Blockmedia’s BD Head...
Bitcoin’s 14% Q2 drop came as stablecoin market contracts for first time since 2023
Bitcoin’s second-quarter slide unfolded alongside a rare contraction in the stablecoin market, adding another sign that crypto liq...
Crypto wanted to replace Wall Street – Instead, Wall Street took over crypto
Crypto was founded on a simple premise: people should be able to send, hold, and manage money without going through a bank. Fiftee...