Shinhan Financial collaborates with Visa to explore stablecoins and AI payments

According to a report by the Korea Herald, South Korea's Shinhan Financial Group announced that it has signed a strategic cooperation agreement with Visa. The two parties will collaborate on digital assets and future financial services.

Shinhan Financial plans to utilize Visa's stablecoin platform to verify core functions such as stablecoin issuance, transfer, and redemption, and to jointly design business models in conjunction with South Korea's local financial regulations and market environment. The two sides will also explore the application of stablecoins in financial services such as credit card bill settlements, promote AI-driven new payment models, and expand B2B and B2C payment businesses.