SBI Remit Partners With Fasset 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 that spans more than 50 payment corridors, allowing for faster and lower-cost money transfers across multiple markets.

The companies said the initiative will support stablecoin rails to reduce settlement times, lower transaction costs, and provide greater visibility into payment flows.