Shinhan Financial partners with Visa to explore stablecoins and AI payments

According to Yonhap News Agency, Shinhan Financial Group announced on August 26 that it has signed a strategic cooperation agreement with Visa Inc. The two parties will collaborate on digital assets and next-generation financial services. Shinhan Financial plans to leverage Visa’s stablecoin platform to validate core functionalities including stablecoin issuance, transfers, and redemptions, and will jointly develop business models aligned with South Korea’s domestic financial regulatory framework and market conditions. Additionally, both sides will explore the application of stablecoins in financial services such as credit card bill settlement, advance AI-driven new payment models, and expand B2B and B2C payment services.