South Korea’s largest credit card issuer, Shinhan Card, has signed a strategic MOU with the Solana Foundation to test stablecoin payments on Solana’s testnet. The project focuses on real-world customer and merchant transactions to evaluate speed, scalability, security, and user experience. Building on earlier successful trials, the initiative explores instant settlements, lower fees, and non-custodial wallet integration. The goal is to advance a hybrid blockchain payment model that could eventually serve over 28 million cardholders in South Korea.
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