Japanese Visitors May Pay With Yen Stablecoins in South Korea Under Shinhan-SBI Pact

Shinhan Financial Group and SBI Holdings have agreed to explore a collaboration that could let Japanese visitors use yen-pegged stablecoins in South Korea. The partnership will examine card-linked payments at merchants serving Japanese tourists. It will also look at peer-to-peer wallet transfers as part of wider cross-border trade and remittance flows. The initiative is still at the exploratory stage, so no launch timeline has been confirmed. The effort reflects growing interest among financial institutions in using stablecoins for international payments.