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Japanese Banks to Trial Stablecoins on High-Speed Blockchain – How Does it Work?

Banks in Japan are starting a trial for issuing fully compliant stablecoins on an ultra-fast but largely centralized blockchain known as the Japan Open Chain. The bank trials will be the first experiment with stablecoins...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Japanese Banks to Trial Stablecoins on High-Speed Blockchain – How Does it Work?
Banks in Japan are starting a trial for issuing fully compliant stablecoins on an ultra-fast but largely centralized blockchain known as the Japan Open Chain.
The bank trials will be the first experiment with stablecoins in Japan that is fully compliant with local laws, a press release sent out on Thursday said.
For now, the trial involves the three Japanese banks Minna no Bank, Tokyo Kiraboshi Financial Group, and Shikoku Bank, with each bank set to issue its own stablecoin....
Read More: Japanese Banks to Trial Stablecoins on High-Speed Blockchain – How Does it Work?

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This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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