Shinhan Card Brings Stablecoin Payments to 28M Users on Solana on April 30

According to Solana, South Korea’s largest credit card issuer Shinhan Card signed a memorandum of understanding with the Solana Foundation today (April 30) to bring stablecoin payments to its 28 million cardholders on the Solana blockchain. The partnership builds on a preliminary proof-of-concept completed in 2025, with both companies now advancing to an enhanced PoC on Solana’s testnet to validate real payment scenarios and network stability. Shinhan Card also plans to develop a hybrid finance model combining traditional financial infrastructure with decentralized finance services.