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Japanese Mega Banks Wrap Up Yen Stablecoin Pilot

Japanese Mega Banks Wrap Up Yen Stablecoin Pilot

The pilot tested issuance, transfer, and redemption under Japan's Payment Services Act, with Mitsubishi Corporation as the cross-border use case. AML and CTF checks were also a key part of the test.

Blockchain is a decentralized digital ledger in which transactions are recorded.

Blockchains make it possible to store data and transactions transparently and securely without a central administrator. They form the foundation for cryptocurrencies, smart contracts, and decentralized apps.