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Japan-Korea Stablecoin Transfer Pilot Completes with Ripple Partners

Guavy AI Editorial Team
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Ripple has partnered with SBI Group and Kyobo Life Insurance to complete a direct Japan-South Korea stablecoin transfer pilot project.

The firms successfully performed a cross-border transfer between Japanese yen (JPY) and Korean won (KRW) stablecoins without using the US dollar as an intermediary currency.

This achievement demonstrates the potential of Ripple's technology to simplify and speed up international transactions, particularly in regions with limited access to traditional banking services.

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