Danal announced on the 6th that it had successfully completed a PoC for a fast, low-cost global remittance pipeline built on stablecoins, conducted in January. The test linked Danal’s blockchain and settlement network with Shinhan Bank’s foreign remittance network and settlement systems, along with Circle’s stablecoin infrastructure, to transfer funds to a Japanese corporate e-wallet while evaluating direct USD-USDC conversion and reduced fees and settlement times.
The results showed substantial fee reductions and real-time processing of deposits and withdrawals. With validated remittance routes, Danal plans additional tests around live payments and DeFi, and seeks to advance settlement, conversion, and distribution structures with Shinhan Bank in line with the KRW-stablecoin formalization expected this year to accelerate service commercialization.
Looking ahead, Danal aims to expand into a B2B trade remittance system. It also plans to develop a cross-border stablecoin swap and distribution model that includes USDC, reinforcing its position as a leading stablecoin participant.
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