SBI, Kyobo Complete Japan-Korea Stablecoin Test With No Dollar Leg
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Coincu
Cryptocurrency News | Cryptocurrency Prices | Market CapSBI, Kyobo Life Pilot Yen-Won Settlement With Test Token
SBI Holdings, the Japanese financial services group, and Kyobo Life Insurance, one of South Korea's largest life insurers, jointly completed the pilot, which targeted the Japanese yen and South Korean won currency corridor.Read more...
SBI Digital Practice and Kyobo Life completed a cross-border settlement test that connected test tokens linked to the yen and won without using the dollar as an intermediate currency. The pilot, executed on Canton Network, evaluated institutional transfers, conversion, settlement and custody, although it does not represent a commercial service with stablecoins issued to the public.
Bitcoin.com
BITRSSSBI, Kyobo Complete Japan-Korea Stablecoin Test With No Dollar Leg
SBI Digital Practice and Kyobo Life completed a cross-border pilot that directly converted yen-linked test tokens into won-linked tokens. The trial examined whether stablecoin infrastructure could reduce delays, conversion steps, and costs in institutional transfers. SBI and Kyobo Test Direct Yen-Won Settlement Cross-border institutions could eventually move funds between Japan and South Korea without routing […]
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