{"id":4986,"date":"2025-07-04T09:05:12","date_gmt":"2025-07-04T09:05:12","guid":{"rendered":"https:\/\/bitunikey.com\/news\/japans-minna-bank-teams-up-with-fireblocks-and-solana-japan-to-explore-stablecoins\/"},"modified":"2025-07-04T09:05:14","modified_gmt":"2025-07-04T09:05:14","slug":"japans-minna-bank-teams-up-with-fireblocks-and-solana-japan-to-explore-stablecoins","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/japans-minna-bank-teams-up-with-fireblocks-and-solana-japan-to-explore-stablecoins\/","title":{"rendered":"Japan\u2019s Minna Bank teams up with Fireblocks and Solana Japan to explore stablecoins"},"content":{"rendered":"

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Japanese digital bank Minna is reportedly exploring the use of stablecoins and Web3 wallets for real-world payments.<\/p>\n

According to a July 4 X post from digital asset infrastructure company Fireblocks, the bank is collaborating with Fireblocks, Solana Japan, and Japanese tech firm TIS on a joint study assessing the viability of stablecoins in everyday financial services.<\/p>\n

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Japan\u2019s first digital bank is taking the next step in real-world crypto adoption.<\/p>\n

Minna Bank (“Minna no Ginko”) is launching a joint study with Fireblocks, @SolanaJapan<\/a>, and TIS Inc to explore stablecoins and Web3 wallets for everyday payments. pic.twitter.com\/codSZ58Wrd<\/a><\/p>\n

\u2014 Fireblocks (@FireblocksHQ) July 4, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

In a statement shared<\/a> with Decrypt, bank officials have also disclosed plans to run tests around the feasibility of issuing stablecoins via Solana and evaluate how Web3 wallets can support user-friendly financial experiences.<\/p>\n

Japan\u2019s banking sector is placing \u201ca bigger and heavier emphasis\u201d on areas like corporate finance and international trade, Fireblocks Chief Strategy Officer Stephen Richardson explained in a separate statement to the publisher.<\/p>\n

Richardson said Japan has \u201ca lot of trade,\u201d and that it is made \u201cmore effective by the easy and efficient movement of money,\u201d pointing to stablecoins as a potential way to streamline existing processes that are usually limited by traditional banking rails.<\/p>\n

All across the globe, stablecoins are gaining traction as governments and financial institutions explore their use in payments, settlements, and trade.\u00a0<\/p>\n

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In China, companies such as JD.com and Ant Group are reportedly lobbying the People\u2019s Bank of China to authorise offshore yuan-backed stablecoins. Both firms have also announced plans to issue Hong Kong dollar-backed stablecoins, in line with the city\u2019s incoming regulatory framework set to take effect on August 1.<\/p>\n

Across Europe, stablecoins already play a significant role in crypto payments. A June report from Oobit showed that more than 75% of crypto transactions on its platform involved stablecoins, with retail and travel spending leading adoption in countries like Poland, Lithuania, and Germany.<\/p>\n

South Korean banks have also entered the sector, launching stablecoin initiatives through regulated channels, while in the United States, lawmakers have been pushing to finalize a federal regulatory framework as dollar-backed stablecoins continue to dominate global usage.<\/p>\n

Japan, which has recently fast-tracked efforts to regulate its cryptocurrency sector, has already seen major financial institutions begin developing stablecoin solutions of their own.<\/p>\n

Sumitomo Mitsui Financial Group, the country\u2019s second-largest banking group, is also preparing to trial a stablecoin in partnership with Avalanche developer Ava Labs, alongside Fireblocks and TIS.<\/p>\n

According to an April report from Nikkei, SMBC\u2019s pilot is expected to begin in late 2025 or early 2026, with full issuance planned later that year.<\/p>\n

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