🏦 @ShinhanBankENG participates in a demonstration experiment for overseas money transfers based on stablecoins in Korea and Japan!🧵

A representative of Shinhan Bank said: "Previously, we conducted tests for overseas money transfers using @hedera @hashgraph, a patented cryptocurrency based on an algorithm, in 2021 and 2023, and by participating in this stablecoin-based test for overseas money transfers, we are at the forefront of financial innovations using blockchain technology.

We will actively participate in public (CBDC) and private (stablecoin) projects for digital assets to enhance the global competitiveness of financial services. We will continue to lead the digital transformation that fundamentally changes the financial industry and improves financial convenience with new value for customers."