PANews reported on April 30th that, according to The Block, Shinhan Card, one of South Korea's largest credit card companies, has partnered with the Solana Foundation to build a stablecoin payment system on the Solana blockchain. The two companies are currently conducting a proof-of-concept on the Solana testnet, focusing on real-world payment scenarios between customers and merchants. A key element of the proof-of-concept is verifying the security and stability of non-custodial wallets to enable Shinhan Card to deploy the technology on a large scale. Shinhan Card plans to leverage oracle technology to build its own DeFi service environment, connecting real-world transaction information to the blockchain network. Shinhan Card will evaluate the effectiveness of these initiatives in conjunction with South Korea's ongoing drafting of the Digital Assets Basic Law.