Japan-Korea Stablecoin Test on Canton Network Complete

SBI Digital Practice and Kyobo Life have completed a cross-border transaction test using tokens simulating a future yen-denominated stablecoin on the Canton Network.

The Japan-Korea test involved digital tokens representing a potential future stablecoin denominated in Japanese yen, which were used to examine how such tokens could operate across borders.

The trial was conducted on the Canton Network, a blockchain network focused on institutional financial applications, marking a cross-border experiment involving participants from Japan and South Korea.