“Japan’s financial regulator, FSA, said the venture will see MUFG, SMBC and Mizuho explore the joint issuance of a stablecoin as an electronic payment instrument.”, — write: www.coindesk.com
Japan’s financial regulator said the venture will see Mitsubishi UFJ Financial Group (8306), Sumitomo Mitsui Financial Group (8316) and Mizuho Financial Group (8411) explore the joint issuance of a stablecoin as an electronic payment instrument.
The experiment will begin this month and will run for the foreseeable future, according to an FSA announcement on Friday.
Stablecoins — digital tokens pegged to the value of a traditional financial (TradiFi) asset such as a fiat currency — have experienced considerable growth over the last two years, surpassing $300 billion in market cap last month.
This trend has also borne fruit in Japan, where the first stablecoin pegged to the yen was unveiled in late October by startup JPYC.
It is against this backdrop that TradFi institutions such as Japan’s largest banks along with regulators and lawmakers are exploring issuing stablecoins and integrating them into their existing financial and technological frameworks.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
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