SBI Remit, Fasset Partner on Stablecoin Infrastructure for Cross-Border Payments

SBI Remit has partnered with Fasset to develop stablecoin-based infrastructure for cross-border payments and other financial services. The partnership combines SBI Remit's JP¥2.5 trillion remittance network with Fasset's blockchain network, which spans more than 50 payment corridors.

The agreement aims to improve cross-border payments by reducing settlement times, lowering transaction costs, and providing greater visibility into payment flows.

Fasset's platform handles over $32 billion in annualized transaction volume and supports over two million wallets. The Own Network connects more than 50 banking and payment corridors across 16 blockchain networks spanning Asia, the Middle East, Africa, and other regions.