[Kyobo Life and SBI Group Complete Direct Exchange Test for Japan-Korea Stablecoins] Kyobo Life and SBI Group have completed a Japan-Korea cross-border stablecoin verification project in the Canton Network test environment, achieving direct exchange between Japanese yen stablecoins and Korean won stablecoins without using the US dollar as an intermediary currency. The test only utilized test tokens and did not involve actual stablecoins or institutional funds, verifying the technical feasibility of cross-border fund transfers, exchanges, and settlement processes. Both parties plan to explore cooperation in digital asset exchange, asset management, and Web3 financial services. (Source: Digital Asset)