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Standard Bank and Shinhan Bank to test cross-border stablecoins
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finextra.comUtilising the Hedera Token Service (HTS) and Hedera Consensus Service (HCS), the project aims to test the issuance and distribution of stablecoins, applied to a financial use case that typically suffers from high fees, longer waits and absence of tracking feature. In a statement, Shinhan Bank says: “Joining the Hedera Governing Council this spring has allowed us to significantly accelerate our engagement with other global industry leaders to leverage the power of Hedera’s fast, fair, green public distributed ledger.
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