Shinhan Bank Completes Corporate Stablecoin Remittance Pilot on Solana

Key Facts

South Korea's Shinhan Bank successfully completed a pilot using stablecoins for international corporate remittances on the Solana network. Crypto Briefing reported that the bank tested a full corporate payment workflow, plugging stablecoin-based settlements into existing banking systems to improve the efficiency and speed of overseas payments.

The pilot was designed to replicate real-world remittance operations for large Korean corporations while maintaining transaction confidentiality through private solutions on the network. This development follows a report on South Korean Business Confidence, which stood at 79 on September 28, 2026, trailing the forecasted 84.

The transition to a commercial service depends on the progress of South Korea's Digital Asset Basic Act, which remains under development to provide a structured legal framework. The bank is currently assessing the operational viability of the system in alignment with upcoming regulatory requirements.