Shinhan Bank, SCB TechX and others have completed a proof of concept pilot for stablecoin remittances based on Hedera

ChainCatcher news, Shinhan Bank has collaborated with SCB TechX, the technology innovation business unit of Siam Commercial Bank, and other financial institutions to complete a proof of concept (PoC) pilot for stablecoin remittances based on the open-source proof-of-stake blockchain Hedera. This pilot achieved real-time settlement of Thai Baht, New Taiwan Dollar, and Korean Won, as well as real-time exchange rate integration. Additionally, the PoC is EVM-compatible, meaning that any EVM-based stablecoin issuer can leverage this framework. (Source link)