Shinhan Bank collaborated with the SCB TechX department of Siam Commercial Bank and other financial institutions to complete a proof-of-concept pilot for stablecoin remittances based on the open-source proof-of-stake blockchain Hedera. The pilot achieved real-time settlement and exchange rate integration for Thai baht, New Taiwan dollar, and South Korean won, and was also compatible with EVM, meaning that any stablecoin issuer based on EVM can utilize this framework.