Japan's first digital bank Minna Bank explores issuing stablecoins on the Solana blockchain

2025-07-04 10:29:52

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According to ChainCatcher, as reported by 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 everyday financial services.

The project will assess the technical feasibility of issuing stablecoins on the Solana blockchain and explore practical application scenarios such as cross-border payments and physical asset transactions. This move comes as the global stablecoin market surpasses $250 billion, with countries accelerating the formulation of relevant regulations.

It is noteworthy that USDC has become the first globally approved dollar stablecoin for use in Japan, with SBI Exchange providing trading services for a limited number of users.

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