ChainCatcher news, Shinhan Bank has collaborated with SCB TechX, the technology innovation business unit of Siam Commercial Bank, and other financial institutions to complete a proof of concept (PoC) pilot for stablecoin remittances based on the open-source proof-of-stake blockchain Hedera. This pilot achieved real-time settlement of Thai Baht, New Taiwan Dollar, and Korean Won, as well as real-time exchange rate integration. Additionally, the PoC is EVM-compatible, meaning that any EVM-based stablecoin issuer can leverage this framework. (Source link)