According to CoinMeta, on October 21st, Shinhan Bank collaborated with ksnet to complete a pilot test where foreign patients used stablecoins to pay for medical expenses, and Korean medical institutions received payments in Korean won. The test was conducted at a medical institution in Seoul, where foreign patients paid in stablecoins, which were then exchanged for fiat currency by overseas regulatory authorities and remitted to Korea. ksnet made the payment to the medical institution in Korean won. Shinhan Bank verified the feasibility of the financial infrastructure required for receiving payments within Korea and settling in Korean won.