According to CoinMeta, and as reported by Yonhap News, the South Korean Shinhan Financial Group announced a strategic business agreement with Visa. The two parties will carry out in-depth cooperation in the areas of digital assets and future financial services. Shinhan Financial will leverage Visa's stablecoin platform to verify core functions such as the issuance, transfer, and redemption of stablecoins, and jointly design business models that are adapted to South Korea's local financial environment. In addition, both parties also plan to explore the application of stablecoins in financial services such as credit card bill settlement, advance the development of future payment models based on artificial intelligence (AI), and expand cooperation in payment services between B2B and B2C.