According to Digital Asset, South Korea's long-established insurance giant Kyobo Life Insurance and Japan's SBI Group have completed a Korea-Japan stablecoin cross-border payment test. The test, conducted in the Canton Network environment, verified direct exchange between the Japanese yen stablecoin and the Korean won stablecoin without first converting to USD. Both parties stated that this model could potentially reduce currency exchange steps, time costs, and exchange rate risks in cross-border institutional fund transfers. They also plan to further explore collaborations in digital asset exchange and asset management. The test only used test tokens and did not involve actual stablecoin or institutional fund transfers. https://(wublock123.com)/news/kyobo-life-sbi-korea-japan-stablecoin-cross-border-settlement-68534