Stablecoin

Hedera

Bank AI

<ul class="news-points"> 
 <li>Shinhan Bank and SCB Tech X pilot stablecoin integration on Hedera DLT, driving financial inclusion.</li> 
 <li>Hedera’s EVM-compatible tech reduces costs and expedites remittances for Shinhan Bank.</li> 
 <li>The bullish surge in the Hedera market as stablecoin adoption grows records a 30-day high.</li> 
</ul> 
Korea’s Shinhan Bank and SCB Tech X, part of Siam Commercial Bank, have carried out a proof of concept (PoC). The PoC centers around using stablecoins on Hedera’s public <a href="https://coinedition.com/what-is-distributed-ledger-technology-dlt/" rel="noopener noreferrer nofollow">Distributed Ledger Technology (DLT)</a>. 
Byunghee Kim, the head of blockchain at Shinhan Bank, lauds the immense potential of stablecoins in his recent statement, stating: “Stablecoins provide a cost-effective, swift, and dependable method for transnational value transfer, propelling financial inclusion and enhancing financial services accessibility for underserved individuals and businesses.” 
Kim highlights the advantages of Hedera’s Ethereum Virtual Machine (EVM)-compatible technology, which streamlines processes by eliminating intermediaries, thereby reducing costs and expediting remittances. This cutting-edge technology forms the bedrock of Hedera’s smart contract capabilities, ensuring seamless compatibility with… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/hederas-stablecoin-poc-spurs-bullish-surge-hbar-hits-30-day-high/">Hedera’s Stablecoin PoC Spurs Bullish Surge; HBAR Hits 30-Day High</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Hedera’s Stablecoin PoC Spurs Bullish Surge; HBAR Hits 30-Day High

Coin Edition

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