Wu learned that the three largest banks in Japan, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank, will pilot a stablecoin platform aimed at providing faster international settlements for businesses. The project, named Project Pax, will be operated by blockchain companies such as Progmat, Datachain, and TOKI, with the expectation of more global banks participating.

Wu learned that the three major banks in Japan, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corporation, and Mizuho Bank, will pilot a stablecoin platform aimed at providing faster international settlements for enterprises. The project, named Project Pax, will be operated by blockchain companies such as Progmat, Datachain, and TOKI, with the expectation of more global banks participating.

Japan's three major banks will pilot a stablecoin platform.