Shinhan Card, a South Korean credit card company, has partnered with the Solana Foundation.

According to The Block, South Korean credit card company Shinhan Card has announced a partnership with the Solana Foundation to jointly advance a proof-of-concept project testing a real-world stablecoin-based payment system. The project aims to explore the feasibility of stablecoins in actual payment environments, leveraging the Solana network as the underlying infrastructure for transaction processing. Meanwhile, South Korea is actively advancing the legislative process for its Digital Asset Basic Act, a bill designed to establish a comprehensive and unified regulatory framework for the digital asset industry.