SBI Digital Trust Partners with NICE and DSRV to Validate Japan-Korea Stablecoin Cross-Border Payments

Odaily News: On October 1, SBI Digital Trust signed a basic agreement with South Korean payment service provider NICE Information & Telecommunication and South Korean blockchain infrastructure company DSRV to jointly validate a commercialization plan for using stablecoins to enable transfers and payments between Japan and South Korea. The validation uses the scenario of Japanese tourists traveling to South Korea and making QR code payments at merchants affiliated with NICE Information & Telecommunication, focusing on validating fund flow methods, transfer and payment instruction mechanisms, and the connectivity between each party's systems. It is expected to be completed by the end of December 2026.

SBI Digital Trust will advance the payment solution design by combining Japan's regulatory and financial sector experience, NICE Information & Telecommunication will be responsible for providing the merchant network and payment operations experience, and DSRV will be responsible for blockchain technology-related research. The three parties will evaluate the direction of subsequent commercialization based on the validation results and, in light of changes in each country's regulatory framework, continue to explore stablecoin-related application scenarios. (coinpost)