Japan’s Minna Bank teams up with Fireblocks and Solana Japan to explore stablecoins

The Japanese digital bank Minna would explore the use of stablescoins and web3 wallets for real world payments.

According to an article of July 4 of the infrastructure company for digital assets Fireblocks, the bank is collaborating with Fireblocks, Solana Japan and the Japanese technology company TIS on a joint study evaluating the viability of stablecoins in daily financial services.

In a declaration common With Decrypt, the bank officials also disclosed plans to carry out tests around the feasibility of the stablescoins emission via Solana and to assess how web 3 portfolios can take care of user -friendly financial experiences.

The Japanese banking sector puts “greater emphasis” in areas such as business financing and international trade, said Fireblocks strategy director Stephen Richardson, in a separate declaration to the publisher.

Richardson said Japan has “a lot of trade” and that it is “more effective by the easy and effective movement of money”, stressing stablecoins as a potential means of rationalizing existing processes which are generally limited by traditional banking rails.

All over the world, Stablecoins gain ground while governments and financial institutions explore their use in payments, regulations and trade.

In China, companies such as JD.com and Ant Group are would have Press Banque Populaire de China to authorize the stablecoins supported in Yuan Offshore. The two companies have also announced emission plans Stablecoins supported in Hong Kong dollarsIn accordance with the city’s regulatory framework of the city which will come into force on August 1.

Through Europe, stablecoins already play an important role in cryptographic payments. A June report of OOBIT has shown that more than 75% of cryptographic transactions on its platform involved stablecoins, with retail and trips leading to adoption in countries like Poland, Lithuania and Germany.

South Korean banks have also entered the sector, Launch of Stablecoin initiatives Thanks to regulated channels, while in the United States, legislators were push To finalize a federal regulatory framework while the stable -coated dollars continue to dominate global use.

Japan, which has recently accelerated efforts to regulate its cryptocurrency sectorhas already seen large financial institutions start to develop their own stablecoin solutions.

Sumitomo Mitsui Financial Group, the second largest banking group in the country, is also preparation To test a stablecoin in partnership with the avalanche developer Avalanche, alongside blocks and tis.

According to an April report from Nikkei, the SMBC driver is expected to start at the end of 2025 or at the start of 2026, with a full program later that year.