Minna Bank partners with Fireblocks, Solana Japan to test stablecoins. Project explores stablecoins for payments, trading, RWAs, and Web3 wallets. Cloud-native Minna Bank aims to integrate stablecoins into daily life. Minna Bank, which is Japan’s first fully digital native bank, has announced an exciting new project. The bank will work with Fireblocks, Solana Japan, and TIS Inc to launch a stablecoin issuance technology verification project. In this project, the stability of the coin in making payments on a daily basis, purchasing real-world assets (RWAs), and Web3 wallets will be tested. Minna Bank Joins Fireblocks, Solana to Test Stablecoins in Japan Minna Bank has been paying attention to digital innovations. The bank is partnering with Fireblocks, Solana Japan, and TIS in the expectation that it will make stablecoins a reality experienced by customers and Japanese businesses. This will be possible by scrutinizing the technical and practical functioning of stablecoins with the project. The project will also examine how people can use stablecoins for simple payments, trading, and new digital services. The world is discovering the popularity of stablecoins. Through them, individuals find easy and fast methods of transferring money with no hefty charges that the usual banks attract. The market size of the stablecoins has exceeded 250 billion dollars across the world. The banks in a number of countries are shifting from small pilot usages into larger usages. They desire to increase the speed and decrease the cost of cross-border payments. They are also interested in trying out new means of settling payments on-chain. Japan has been cautious about crypto on many occasions. However, now, there are obvious regulations and greater interest that are opening new doors. Minna Bank would like to be involved with this change. Its new project should assist Japan to follow the global trends and even become the leader in this field. Minna Bank Aims to Make Stablecoins Part of Everyday Spending Michael Shaulov, the Co-Founder and Executive of Fireblocks, explained that stablecoins are altering how money flows in the digital space. He added that, with the cooperation of Minna Bank, they expect to identify solutions that will enable stablecoins to benefit Japanese customers and businesses, thereby improving their financial services. Minna Bank is already a leader in digital banking. It became the initial bank anywhere in the globe to possess a completely cloud-based core banking framework. The above implies that the bank does not rely on outdated and costly IT systems. Instead, the bank runs all operations on the cloud, which keeps services quick, secure, and easy to update. The bank works daily and around the clock. It is easy to use and has an easy interface. This is important because more than 70% of its customers are between 15 and 39 years old. A great number of the youth believe that conventional banks are not able to serve them. Minna Bank would like to revolutionize that and bring banking into a daily lifestyle. This new stablecoin initiative is well aligned with the vision. Bank Minna has an intention of integrating banking and daily expenditure. Using the collaborative power of reputable partners, such as Fireblocks, Solana Japan, and TIS, it wishes to develop new services that will be useful to people and that people will interact with smoothly. The fact that Japan entered the race of stablecoins may matter. Its definite regulations would benefit the nation in attracting more projects involving cryptocurrencies. Other nations are yet to decide on matters related to crypto laws, and Japan is relatively clear on this, which could be an advantage. The project of Minna Bank might become the beginning of bringing stablecoins into the mainstream of banking. The post Minna Bank Launches Solana-Based Stablecoin Project appeared first on Live Bitcoin News.

Read full article on LIVE BITCOIN NEWS