Japan’s Minna no Bank plans to explore stablecoin applications on Solana

Planet Daily News: Minna no Bank, a digital bank under the Japanese Fukuoka Group, announced that it will collaborate with Fireblocks and local IT enterprise TIS to conduct stablecoin experiments on the blockchain. The focus will be on exploring application scenarios for consumers and enterprises, particularly in digital bond and real-world asset (RWA) transaction settlements using stablecoins. Previously, the bank had conducted stablecoin trials on Japan Open Chain, a local Ethereum-compatible chain, in collaboration with Tokyo Kiraboshi Financial Group and Shikoku Bank. The expansion from a local chain to the global public chain demonstrates Japanese institutions' interest in more globally influential public chains. TIS is also involved in multiple Japanese stablecoin projects, including those with SMBC (Sumitomo Mitsui Banking Corporation); Fireblocks is also participating, with related projects planning to use the chain.