Test stablecoin issuance
GUTechnologies, a Japanese company that develops Web3 infrastructure, has started a proof-of-concept to issue stablecoins on the 2nd, based on the blockchain “Japan Open Chain,” which is said to be fully compatible with Ethereum (ETH). announced that
Japan Open Chain is a blockchain that complies with Japanese law. Three financial institutions, Tokyo Kiraboshi Financial Group, Minna no Bank, and Shikoku Bank, will participate in this demonstration experiment. Ultimately, it will be linked with the test environment and production environment of the banking system, aiming to issue a legally backed stable coin.
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