Ripple Partners SBI and Kyobo Complete Direct Japan-Korea Stablecoin Transfer Pilot

Ripple, SBI Group, and Kyobo Life completed a Japan-South Korea stablecoin transfer pilot, executing a direct transfer between JPY and KRW stablecoins without using the US dollar as an intermediary. The proof-of-concept demonstrates cross-border efficiency, with Ripple's ally SBI and new partner Kyobo collaborating.