SBI, 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 […]

Source: https://news.bitcoin.com/crypto-news/sbi-kyobo-complete-japan-korea-stablecoin-test-with-no-dollar-leg/