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EVENT / TOPICHistorical

Shinhan Card and SBI Holdings test yen stablecoin payments for Japanese visitors in South Korea

1 reports1 sources10/21/2026 updated

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AI overview

Shinhan Card and SBI Holdings are testing yen-backed stablecoin payments for Japanese visitors in South Korea. The firms have not named the stablecoin or set a trial timeline, and the process remains in an early stage. JPYSC is currently limited to SBI VC Trade accounts and cannot be transferred to external wallets, with public blockchain circulation dependent on regulatory approval.

Written with AI from the reporting · updated 10/21/2026

Latest developmentOct 21, 20:10
Shinhan and SBI test yen stablecoin payments for Japanese visitors in South Korea
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  1. 1Unclassified fact stationOct 21, 20:11single sourcereport-time onlyrevised

    Shinhan and SBI test yen stablecoin payments for cross-borde

    Read original source ↗ CoinDeskReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    Shinhan Card
    Action：
    exploring yen-backed stablecoin payments
    Object：
    Japanese visitors in South Korea and peer-to-peer wallet transfers
    Occurred (fact side)：
    not recorded
    CoinDesk ↗Report pageRevision 2 · currently revised
    Published (valid side)：
    Oct 21, 20:10
    First seen (known side)：
    Oct 21, 20:11
    Fact stationSingle source · one-sided claimRevisedReport-time only

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Oct 21
  1. CoinDeskRelated fact: single sourceFact occurrence time unverifiedSource report revised
    Shinhan and SBI test yen stablecoin payments for Japanese visitors in South Korea

    Report first recorded Oct 21, 20:11

    Shinhan Card and SBI Holdings are testing yen-backed stablecoin payments for cross-border transactions and trade settlement. Japanese visitors in South Korea may use card-linked merchant payments and peer-to-peer wallet transfers, though the initiative remains at an early stage without a commercial timeline.

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