Japanese Digital Bank Minna Bank Launches Stablecoin Research Initiative

Odaily Planet Daily reported that Japan's first digital bank, Minna Bank, has announced a joint research initiative in collaboration with Fireblocks, Solana Japan, and TIS. The project aims to explore the feasibility of issuing stablecoins on the Solana blockchain and assess their practical applications in cross-border payments, physical asset transactions, and everyday financial services. The initiative will also study how Web3 wallets can enhance the user payment experience. As the global stablecoin market capitalization surpasses $250 billion, traditional Japanese institutions, including SMBC, are accelerating their efforts to leverage stablecoins to improve settlement efficiency and meet trade finance needs. (Decrypt)