Japanese digital bank Minna Bank launches stablecoin research project

Odaily News Minna Bank, Japan's first digital bank, announced that it will cooperate with Fireblocks, Solana Japan and TIS to conduct joint research to explore the feasibility of issuing stablecoins based on the Solana blockchain and evaluate its practical application potential in cross-border payments, physical asset transactions and daily financial services. The project will also study how Web3 wallets can enhance the user payment experience. As the global stablecoin market value exceeds US$250 billion, traditional institutions in Japan, including SMBC, are also accelerating their layout, intending to use stablecoins to improve fund settlement efficiency and serve trade finance needs. (Decrypt)