According to The Block, one of South Korea's largest credit card companies, Shinhan Card, announced a partnership with the Solana Foundation to build a stablecoin payment system on the Solana blockchain. Under the collaboration, Shinhan Card will conduct advanced proof-of-concept testing on the Solana testnet this year, focusing on real-world payment scenarios between consumers and merchants, and verifying the security and stability of non-custodial wallets. The two parties will also explore a "hybrid finance" model that combines the reliability of traditional finance with the efficiency of DeFi, including integrating real transaction information into on-chain smart contracts through oracle technology.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments