According to CoinMeta, Kyobo Life and SBI Group have completed a cross-border stablecoin verification project in the Canton network test environment, enabling direct exchange between Japanese yen stablecoins and Korean won stablecoins without the need for the US dollar as an intermediate currency. This test only used test tokens and did not involve actual stablecoins or institutional funds; it aimed to verify the technical feasibility of cross-border fund transfers, exchanges, and settlement processes. Both parties plan to explore cooperation in digital asset exchanges, asset management, and Web3 financial services.