Minna Bank partners with Solana and Fireblocks to pilot stablecoin payments in Japan, aiming to test yen-pegged stablecoins for retail transactions using Solana blockchain technology.
Fireblocks provides secure wallet technology, while TIS integrates blockchain into banking applications for the pilot project covering RWA trading, QR payments, and embedded Web3 wallets in mobile banking.
The partnership reflects Japan's move towards blockchain adoption and regulatory monitoring as they explore stablecoin use in the tightly regulated market.
Minna Bank focuses on digital innovation, attracting younger customers, and aims to enhance retail payments with stablecoins to bridge traditional yen transactions with on-chain services.