According to South Korea's *Electronic News*, Shinhan Bank and the Solana Foundation have completed a PoC (Proof of Concept) for enterprise cross-border stablecoin remittances based on Solana's private solution. This marks the first time the solution has been used to validate remittance operations for an Asian financial institution. The solution processes transactions through private channels accessible only to authorized participants, ensuring sensitive information like counterparties and transfer amounts are not directly recorded on the Solana mainnet, while still connecting to mainnet liquidity. The test covered the full process, including enterprise-initiated remittances, bank execution, fund conversion and transfer, receipt, and refunds, and verified a structure that eliminates the need for traditional intermediary banks. https://www.(wublock123.com)/news/shinhan-bank-solana-foundation-cross-border-stablecoin-poc-69269