Solana Partners Korea’s Largest Credit Card Firm on Stablecoin Payments

• Solana Foundation and Shinhan Card will test stablecoin payments, online wallets, and merchant transactions.
• SOL is trading near $83 after losing key support; analysts are now watching $77 and $67, and if they fail, $40 could be the next target.

The Solana Foundation has partnered with Shinhan Card, South Korea’s largest credit card company, to test stablecoin payment technology and online wallet systems. The partnership targets real-world payment use cases, merchant transactions, and blockchain-powered settlement tools.

The companies signed a memorandum of understanding in Seoul as Shinhan Card expands its Web3 payment research. The project also comes as South Korea prepares wider rules for digital assets through the proposed Digital Asset Basic Act.

Shinhan Card plans to run an advanced proof-of-concept with Solana Foundation after completing an initial test last year. The companies will use the Solana testnet to build payment scenarios between customers and merchants.

The test will check how stablecoin payments can work in online and commercial settings. Shinhan Card will also review the technical stability of Solana’s blockchain network during payment processing.

The card firm aims to study how blockchain-based payments can connect with its existing financial systems. The work will focus on speed, security, transaction flow, and future service design.

Shinhan Card will also test non-custodial online wallets. These wallets allow users to control their own assets without depending on a third-party custodian. The wallet test will focus on both autonomy and security to confirm whether users can safely manage digital assets in a payment environment.

Further, the project will support Shinhan Card’s plan to expand its high-tech payment ecosystem. The company will review service launches only when future regulatory conditions allow them.

Hybrid Finance Model Enters Focus

Shinhan Card also plans to develop a hybrid financial model that connects traditional finance with decentralized finance. The model will use oracles to link real-world transaction data with blockchain networks, testing smart contract execution while monitoring blockchain financial activity. 

It will also help Shinhan Card study how payment data can move securely between off-chain systems and on-chain networks.

A Shinhan Card official said the partnership will help validate practical blockchain use in payments. The company aims to deliver secure and convenient services by combining its payment experience with Solana’s infrastructure.

A Solana Foundation official added that the collaboration will combine the reliability of traditional finance with the efficiency of DeFi. 

Solana Price Prediction: Analyst Highlights SOL Key Levels

Solana’s price action stayed weak as the partnership news arrived. SOL traded near $83 after losing short-term support inside a tightening triangle pattern on the 1-hour chart. Analyst Ali Charts said the breakdown could point toward $77 if sellers keep control. SOL fell below the lower trendline after several failed attempts to move higher.

On the daily chart, SOL also failed near the $86 to $88 resistance zone. Sellers have defended that area several times since February, while buyers have tried to protect lower support near $67. A move below the mid-range could bring the $80 and $76 areas back into focus.

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