Japanese Bank Minna Explores Stablecoin Applications with Solana and Fireblocks
Date: 2025-07-07 Author: Henry Casey Categories: BUSINESS
Japanese digital bank Minna has announced a joint project with the Solana Foundation, Fireblocks, and TIS to test and explore the potential of stablecoins in financial services. The collaboration will test how stablecoins and mobile Web3 wallets can change the user experience and improve transaction efficiency.
The focus is on areas such as mobile payments, blockchain banking, and improving the user experience for a mobile-first audience. According to Fireblocks CEO Michael Shaulov, the project has the potential to take the digital economy to the next level by streamlining remittances, reducing transaction times and associated costs.
This launch comes amid significant growth in the total capitalization of stablecoins, which has already exceeded $250 billion. Such dynamics attract the attention of traditional banks interested in updating their tools for cross-border transfers, deposits and clearing.
Minna Bank distinguishes in its client base mainly young people from 15 to 39 years old - this is the age group often ignored by traditional financial institutions. According to the bank's representatives, this creates an ideal environment for testing the latest solutions based on stablecoins.
Earlier, it was reported that Chinese tech giants applied for licenses to issue stablecoins pegged to the national currency - the yuan, which indicates a growing interest in digital assets in the traditional financial sector.
Thus, Minna's cooperation with Solana and Fireblocks reflects the current trend of integrating digital currencies into banking services, opening up new opportunities for users and creating the preconditions for faster and cheaper asset exchange on a global scale.
