Minna Bank Japan Researches Stablecoin on Solana

On July 4, 2025, Minna Bank, Japan's first digital bank under Fukuoka Financial Group, collaborates with Fireblocks, Solana Japan, and TIS to research the issuance of stablecoin on the Solana blockchain. The project assesses the feasibility of stablecoin in cross-border payments, real asset transactions, and daily payments, while exploring Web3 wallets to improve the financial experience.

Stephen Richardson (#Fireblocks ) emphasizes Japan's focus on corporate banking and international trade, where stablecoins can reduce costs compared to traditional banking systems. With the global stablecoin market exceeding 250 billion USD, Japan follows the US, Hong Kong, and South Korea in the legal and application race. Although Airwallex CEO Jack Zhang is skeptical about its effectiveness, Richardson believes stablecoins will be 'invisible' but provide significant benefits. The project reinforces Solana's role, boosting DeFi and blockchain in Japanese finance.

Risk Warning: The information is for reference only and not investment advice. #Japan