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South Korea’s Shinhan Card to test real-world stablecoin payments on Solana

theblock.co·Apr 30, 2026

LMAX Digital is an institutional crypto exchange providing high-level information and live data on cryptocurrency prices, including Bitcoin and Ethereum. In recent news, South Korea's Shinhan Card is collaborating with the Solana Foundation to test stablecoin payments, aligning with the country's development of comprehensive digital asset regulations.

The most valuable insight for you is the strategic partnership between Shinhan Card and Solana Foundation to test stablecoin payments on Solana's blockchain. This proof-of-concept aims to validate the use of non-custodial wallets and explore hybrid finance models, which could impact the scalability and integration of DeFi with traditional financial systems. Monitoring this project could provide actionable insights into stablecoin use cases and regulatory impacts in South Korea and the broader APAC region.

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