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Shinhan Bank, SCB TechX pilot cross-border stablecoin payments on the Hedera

Posted on 07/19/2023

Shinhan Bank, SCB TechX pilot cross-border stablecoin payments on the Hedera

Shinhan Bank and Siam Commercial Bank’s SCB TechX recorded real-time, low-cost remittances. The pilot on the Hedera network involved cross-border stablecoin payments using South Korean won (KRW), the Thai Baht (THB), and the New Taiwan dollar (NTD). Shinhan Bank and Siam Commercial Bank’s SCB TechX have reportedly completed a proof-of-concept (PoC) pilot for stablecoin remittances […]

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