[Shinhan Bank and KSNET Complete Stablecoin Medical Expense Settlement Pilot] On October 21, Shinhan Bank, in collaboration with KSNET, completed a pilot test for foreign patients using stablecoins to pay medical expenses, with Korean medical institutions receiving payments in Korean won. The pilot was conducted at a medical institution in Seoul, where the process involved foreign patients paying with stablecoins, a regulated overseas entity converting the stablecoins into fiat currency and remitting it to Korea, and KSNET making payments to the medical institution in Korean won. Shinhan Bank examined the feasibility of integrating the financial infrastructure required for domestic payments and Korean won settlements. (Source: Yonhap News)