Korea's Shinhan Teams With Visa to Pilot Stablecoin Issuance and Settlement

Shinhan Financial and Visa launched a pilot to build stablecoin infrastructure and test issuance and business-to-business settlement in South Korea, per CoinDesk. No transaction volumes, supported currencies or commercial timeline were disclosed. The tie-up puts an incumbent Korean bank and a global card network jointly behind won-ecosystem stablecoin rails, and marks Shinhan's second reported on-chain move alongside its earlier Solana bond-fund plans.