Shinhan Financial Group Signs Strategic Cooperation Agreement With Visa on Digital Assets

Shinhan Financial Group announced that it has signed a strategic cooperation agreement with Visa Group to collaborate on digital assets and future financial businesses. According to ChainCatcher, Shinhan Financial plans to use Visa’s stablecoin platform to test core functions including issuance, transfers, and redemptions, while designing business models based on South Korea’s financial regulations and market conditions.The two companies will also explore stablecoin use in financial services such as credit card bill settlement, advance AI-driven payment models, and expand B2B and B2C payment businesses.