Shinhan Bank, SCB TechX Successfully Pilot Stablecoin Remittances on the Hedera Network

Seoul, Korea – July 18th, 2023 – Shinhan Bank (the first modern bank in Korea), SCB TechX (Siam Commercial Bank’s technology innovation business unit), and the largest financial institution in Taiwan today announced the successful completion of a stablecoin remittance proof-of-concept pilot. The PoC was built on the highly-efficient and eco-friendly Hedera open-source public network.