SBI Remit Teams Up with Fasset for Stablecoin-Powered Cross-Border Payments

SBI Remit has partnered with Fasset to create stablecoin-based infrastructure for cross-border payments and financial services.

The partnership combines SBI Remit's remittance network, which processes over JP¥2.5 trillion in transactions, with Fasset's blockchain-powered payment infrastructure that spans more than 50 payment corridors.

The companies aim to reduce settlement times and lower transaction costs for international money transfers through the use of stablecoins.

In addition to remittances, the partnership will cover future services including stablecoin payment products, digital wallets, debit cards, and AI-driven financial tools.