Japanese visitors may be able to pay with yen stablecoins in South Korea under Shinhan-SBI pact

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This is the summary CoinDesk publishes in its feed. The full article lives on their site.
Eligible users can borrow USDC or USDT on Ethereum, while pledged collateral sits in smart contracts and remains subject to liquidation.
The Office of the Comptroller of the Currency’s final rule covers payment stablecoin issuance and some custody activities, with the GENIUS Act framework taking effect in mid-January.
The remittance company said the service will move funds in more than 60 currencies across over 200 countries, with recipients collecting a Solana stablecoin issued by Anchorage Digital Bank.
The tokenization platform behind funds from BlackRock, Apollo and KKR said it will source the dollars that settle those trades from a federally chartered bank instead of intermediaries.