Japan's Digital Bank Minna Bank launches stablecoin research project

robot
Abstract generation in progress

According to Mars Finance, Japan's first digital bank Minna Bank announced a collaboration with Fireblocks, Solana Japan, and TIS to conduct joint research exploring the feasibility of issuing stablecoins based on the Solana blockchain, as well as assessing their practical application potential in cross-border payments, physical asset transactions, and everyday financial services. The project will also study how Web3 wallets can enhance the user payment experience. As the global stablecoin market capitalization surpasses $250 billion, traditional institutions in Japan, including SMBC, are also accelerating their layout, intending to improve fund settlement efficiency and serve trade finance needs with stablecoins. (Decrypt)

SOL-0.22%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)