Solana partners with Shinhan Card to expand stablecoin payments

CryptoWorld News reports that the Solana Foundation has partnered with Shinhan Card, South Korea’s leading credit card issuer, to test stablecoin payments, targeting 28 million users. This collaboration marks Shinhan Card’s deepening development in the blockchain finance sector. It plans to use Solana’s test environment to develop real-world payment scenarios and evaluate the performance of non-custodial wallets to reduce reliance on intermediaries. The project will also explore a hybrid financial system that combines traditional banking with decentralized finance tools, which is expected to unlock new services and connect the traditional and blockchain ecosystems. Shinhan Card emphasizes compliance and long-term deployment, and plans to improve infrastructure before rolling out consumer-facing services. Despite market volatility, Solana still faces short-term selling pressure; its current trading price is close to $83. Analyst Altcoin Sherpa noted that price compression often indicates seller exhaustion, and the key support zone is $80–$90.