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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.