Shinhan Bank, SCB TechX and Other Financial Institutions Successfully Complete Second Stablecoin Remittances Pilot on the Hedera Network

Shinhan Bank (the first modern bank in Korea), SCB TechX (Siam Commercial Bank's technology innovation business unit), and the largest financial institution in Taiwan today announced the successful completion of a stablecoin remittance proof-of-concept (PoC) pilot. The PoC was built on the highly-efficient and eco-friendly Hedera open-source public network.