BITPRISMIA
Circle is expanding its presence in South Korea through partnerships with Shinhan Bank and Kakao Pay to integrate USDC stablecoin into traditional banking and mobile payment systems, aiming to accelerate blockchain adoption and mainstream stablecoin usage.
Shinhan Bank is conducting a proof-of-concept project to integrate Korean won-based stablecoins into its Ddangyo app for everyday transactions, aiming to revolutionize payments with faster, cheaper, and more secure methods.
Shinhan Bank has launched a dedicated crypto page in its SOL Bank app, becoming the first Korean commercial bank to integrate cryptocurrency services, which could significantly impact the South Korean crypto market and set a precedent for other banks.