会员登录 - 用户注册 - 设为首页 - 加入收藏 - 网站地图 Japan's three major banks will participate in testing stablecoin cross-border transfer platforms!

Japan's three major banks will participate in testing stablecoin cross-border transfer platforms

时间:2025-06-20 08:56:28 来源:南方都市报 作者:基金优选 阅读:573次

Three major Japanese banks - Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMBC), and Mizuho Financial Group - will participate in a trial of a stablecoin cross-border transfer platform with the goal of providing faster international settlements for businesses.

According to a press release released on Thursday (5th), the project known as "Project Pax" will conduct preliminary trials using stablecoins issued by memory blockchain startup Progmat, supported by the aforementioned three banks, SBI Holdings, and Japan Exchange Group. It will be operated by Progmat, memory blockchain interoperability development company Datachain, and cross chain platform TOKI to facilitate testing of cross chain transactions.

The project plans to use SWIFT's existing API framework to allow banks to instruct Progmat to settle on the in memory blockchain network, which will help address money laundering prevention and other compliance challenges. This enables financial institutions to avoid operational redundancy in the transfer of legal tender and minimize investment costs

According to the statement, Project Pax will begin experimenting with a prototype with the goal of commercializing a stablecoin cross-border transfer platform by 2025. The team wrote in another blog post:

By combining these regulated stablecoins and truly open and secure cross chain information transmission standards with the current cross-border information framework, we are enabling enterprises to achieve cross-border settlements at internet speed

Progmat has established its "Progmat Coin" stablecoin platform with the support of several major financial institutions in Japan. The press release states, "Various stablecoins issued on the 'Progmat Coin' platform can be denominated in major fiat currencies such as Japanese yen, US dollar, and euro, and can be flexibly used domestically and internationally

data source

Related report: Binance Japan seeks cooperation with Mitsubishi UFJ Financial Group to launch Japanese yen stablecoin

(责任编辑:基金工具)

推荐内容
  • As the price of Polkadot drops by half, founder Gavin Wood decides to become a DJ
  • 韩国考虑推出以韩元为支撑的稳定币,以遏制资本外逃——详情
  • 马云字什么号什么
  • 阿瓦隆721价格-阿瓦隆1047价格
  • 华安宏利股票
  • Coinbase 因未经授权收集生物特征数据面临诉讼