#Mizuho

Highlights: Japan’s three largest banks plan to use a jointly issued stablecoin in business transactions. The banks formed a council to study rules, systems, governance, and issuance infrastructure. The project follows an FSA-backed experiment and targets real commercial use in […]

Highlights: Japan’s megabanks MUFG, SMBC, and Mizuho are testing Project Pax, a cross-border stablecoin transfer platform. Project Pax uses Progmat’s stablecoin platform, integrating SWIFT’s API for faster, cost-effective international settlements. The pilot aims to commercialize by 2025, revolutionizing global banking […]