According to PandoraTech News, Japan’s first pure digital bank, Minna Bank, recently announced that it will cooperate with Fireblocks, Solana Japan and Japanese technology company TIS to launch a joint research project focusing on stablecoins and digital wallet applications. This move marks the Japanese banking industry’s further move towards blockchain financial services.

This collaboration will focus on the technical feasibility of issuing yen or dollar-denominated stablecoins on the Solana blockchain, and explore the practicality of stablecoins in cross-border payments, physical asset transactions, daily consumer payments, etc. Fireblocks will provide hosting and enterprise-level security architecture, Solana Japan will provide technical support, and TIS will be responsible for system integration and commercial implementation evaluation.

Currently, the global stablecoin market value has exceeded 250 billion US dollars, and the regulatory frameworks of various countries are taking shape rapidly. As a major center of financial innovation in Asia Pacific, Japan has also accelerated legislation and technology deployment. It is worth noting that USDC issued by Circle has become the first global stablecoin approved for circulation in Japan. Currently, it is provided with limited trading by the SBI VC Trade platform, which indicates that stablecoins are gradually entering the mainstream financial system in Japan.

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Minna Bank's strategy reflects the trend of the Japanese banking system gradually opening up to on-chain financial instruments. The choice to cooperate with Fireblocks and Solana Japan also shows the high attention paid to asset security and blockchain performance. If the project is successful in the future, it is expected to not only promote the legal and compliant circulation of stablecoins in Japan, but also provide a technical and policy reference path for other countries.

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