Defi
Korea Japan stablecoin pilot tests dollar-free yen-won exchange on Canton
The Cryptonomist·September 17, 2026·1 min read
Kyobo Life Insurance and Japan's SBI Group completed a cross-border stablecoin pilot on September 17, enabling direct yen-won exchange without the U.S. dollar. The test on Canton network marks a first for both institutions, potentially streamlining Japan-Korea payments and reducing reliance on dollar intermediaries.
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