Yen stablecoins are about to make their presence felt in South Korea. South Korea’s Shinhan Card is partnering with SBI VC Trade and SBI XDC Network APAC to test yen stablecoin payments between Japan and South Korea. Use cases include Japanese tourists paying by card in South Korea, P2P transfers between wallets, and cross-border trade settlements, alongside suspicious-transaction monitoring and anti-money-laundering systems.
SBI already has a foundation to build on: its yen stablecoin JPYSC, launched in June 2025 by SBI Shinsei Trust Bank and Startale, had a circulating supply of about ¥20.1 billion (approximately $127 million) as of September 7. But the project is still at an early stage: which stablecoin will be used in the test has yet to be decided, there is no pilot schedule, and JPYSC does not yet support transfers to external wallets.
The infrastructure is substantial: Shinhan Card serves about 20 million cardholders, and the project is also linked to Shinhan Financial Group’s stablecoin infrastructure partnership with Visa announced in August. The testbed for cross-border stablecoin payments between Japan and South Korea is officially open.
#稳定币 #日元 #韩国 #JPYSC
SBI already has a foundation to build on: its yen stablecoin JPYSC, launched in June 2025 by SBI Shinsei Trust Bank and Startale, had a circulating supply of about ¥20.1 billion (approximately $127 million) as of September 7. But the project is still at an early stage: which stablecoin will be used in the test has yet to be decided, there is no pilot schedule, and JPYSC does not yet support transfers to external wallets.
The infrastructure is substantial: Shinhan Card serves about 20 million cardholders, and the project is also linked to Shinhan Financial Group’s stablecoin infrastructure partnership with Visa announced in August. The testbed for cross-border stablecoin payments between Japan and South Korea is officially open.
#稳定币 #日元 #韩国 #JPYSC
