Japan's first digital bank, Minna Bank, explores issuing stablecoin on the Solana blockchain
7x24h News
Japan's first digital bank, Minna Bank, explores issuing stablecoin on the Solana blockchain
According to Decrypt, Japan's first fully digital bank, Minna Bank, has announced a collaboration with Fireblocks, Solana Japan, and Japanese tech company TIS to jointly research the application of stablecoins and digital wallets in everyday financial services. The project will assess the technical feasibility of issuing stablecoins on the Solana blockchain and explore practical use cases such as cross-border payments and physical asset trading. This move comes as the global stablecoin market surpasses $250 billion and countries accelerate regulatory developments. Notably, USDC has become the first global dollar-pegged stablecoin approved for use in Japan, with SBI Exchange offering trading services to a limited number of users.
Navigating Web3 tides with focused insightsTechFlow news, on July 4, according to Decrypt, Japan's first pure digital bank Minna Bank announced a collaboration with Fireblocks, Solana Japan, and Japanese tech company TIS to jointly research the application of stablecoins and digital wallets in daily financial services. The project will assess the technical feasibility of issuing stablecoins on the Solana blockchain and explore practical use cases such as cross-border payments and physical asset transactions. This move comes as the global stablecoin market size surpasses $250 billion and countries accelerate the development of related regulations. Notably, USDC has become the first global dollar-pegged stablecoin approved for use in Japan, with SBI Exchange offering trading services to a limited number of users.
