TechRipple partners reportedly test direct yen-to-won stablecoin transfers
Crypto.news reports that SBI Group and Kyobo Life Insurance used test tokens on Canton Network to settle Japan–South Korea payments without routing through the U.S. dollar.
TLDR
Crypto.news reports that Ripple partners SBI Group and Kyobo Life Insurance tested direct yen-to-won stablecoin transfers between Japan and South Korea. They used test tokens on Canton Network to settle cross-border payments without routing through the U.S. dollar, exploring faster settlement and lower foreign-exchange costs.
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Ripple partners reportedly test direct yen-to-won stablecoin transfers
Crypto.news reports that SBI Group and Kyobo Life Insurance used test tokens on Canton Network to settle Japan–South Korea payments without routing through the U.S. dollar.
TLDR
Crypto.news reports that Ripple partners SBI Group and Kyobo Life Insurance tested direct yen-to-won stablecoin transfers between Japan and South Korea. They used test tokens on Canton Network to settle cross-border payments without routing through the U.S. dollar, exploring faster settlement and lower foreign-exchange costs.