Shinhan Bank, SCB TechX and Other Financial Institutions Successfully Complete Second Stablecoin Remittance Pilot on Hedera Network
July 18 TuoniaoX.com news - Shinhan Bank, SCB TechX and other financial institutions collaborated to announce the successful completion of a stablecoin remittance proof of concept (PoC) pilot today. The PoC was built on the Hedera open-source public network. The pilot achieved real-time settlement and real-time foreign exchange (FX) rate integration for Thai Baht (THB), New Taiwan Dollar (NTD), and Korean Won (KRW) in a test environment that aligns with current production capabilities. The PoC is EVM-compatible, meaning any EVM-based stablecoin issuer can participate in the framework in the future.
July 18 TuoniaoX.com news - Shinhan Bank, SCB TechX and other financial institutions collaborated to announce the successful completion of a stablecoin remittance proof of concept (PoC) pilot today. The PoC was built on the Hedera open-source public network.
The pilot achieved real-time settlement and real-time foreign exchange (FX) rate integration for Thai Baht (THB), New Taiwan Dollar (NTD), and Korean Won (KRW) in a test environment that aligns with current production capabilities. The PoC is EVM-compatible, meaning any EVM-based stablecoin issuer can participate in the framework in the future.