A stablecoin test with Japanese banks will make use of the “Japan Open Chain.” Private businesses and local governments will also be involved in the test. Several prominent banks have tested the use of stablecoins on blockchains that are compatible with Ethereum. Domestic banks will use a new proof of concept to issue stablecoins in accordance with Japanese law. Future plans will focus on a stablecoin system that complies with legal requirements, with the initial focus of the test being on the issuance and transfer of electronic money. Private businesses and local governments will be involved in the latter. Instead The post Banks To Test StableCoins On The ‘Japan Open Chain’ appeared first on Cryptoknowmics-Crypto News and Media Platform .
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