Original sourcecrypto.news
Summary
South Korea's Shinhan Card and a company under Japan's SBI Group are testing yen-denominated stablecoin payments targeting travelers between Japan and Korea, covering card payments and wallet-to-wallet transfers. The proof of concept was announced on October 20-21, 2026, aiming to explore cross-bor…
Key points
- This is a concrete experiment connecting stablecoins to existing card networks and cross-border tourism scenarios, offering visibility into actual settlement and compliance design.
- If stablecoin payments work in the Japan-Korea travel corridor, it will provide an alternative to card networks for regional cross-border payments.
- Travelers may in the future pay or transfer directly with yen stablecoins in their wallets; issuers and acquirers must design AML and fraud monitoring in tandem.
Editorial note
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