Shinhan Financial Group is partnering with Visa to explore stablecoin-related payment services in South Korea. Under the initiative, Shinhan will use Visa’s platform to test the issuance, remittance and redemption of stablecoins. The companies will also examine applications for business-to-business settlements, while developing new payment models supported by artificial intelligence. The project expands the scope of their cooperation beyond conventional card and payment services and focuses on potential digital-asset infrastructure for corporate transactions. CoinDesk reported the partnership and testing plans on Aug. 26, 2026. The announcement does not provide details on a launch date, the stablecoin design, or the scale of the planned trials.
