{"id":136862,"date":"2024-09-06T17:00:16","date_gmt":"2024-09-06T14:00:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136862"},"modified":"2024-09-06T13:49:09","modified_gmt":"2024-09-06T10:49:09","slug":"top-japanese-banks-test-cross-border-stablecoin-transfers","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/","title":{"rendered":"Top Japanese Banks Test Cross-Border Stablecoin Transfers"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/www.datachain.jp\/news\/progmat-and-datachain-launch-project-pax\" target=\"_blank\" rel=\"nofollow\">pilot<\/a><\/strong>, called \u201cProject Pax,\u201d will utilize stablecoins issued through Progmat, a blockchain startup supported by these banks, alongside SBI Holdings and Japan Exchange Group. Progmat will work with Datachain and TOKI to test cross-chain transactions.<\/p>\n<p>The project plans to use SWIFT\u2019s API framework to help banks settle on blockchain networks, addressing issues like anti-money laundering and compliance. This approach aims to reduce operational redundancy and cut investment costs.<\/p>\n<p>Set to launch with a prototype, Project Pax aims for full commercialization by 2025. According to a blog post, the team highlighted that by integrating regulated stablecoins with secure cross-chain messaging, they are enabling near-instant cross-border settlements for enterprises.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/another-country-is-thinking-of-adding-bitcoin-as-a-reserve\/\" title=\"Another Country is Thinking of Adding Bitcoin as a Reserve\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/terra-bitcoin-reserve-1024x576-1.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Another Country is Thinking of Adding Bitcoin as a Reserve<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Backed by major financial players, Progmat\u2019s stablecoin platform allows the issuance of stablecoins in various fiat currencies like JPY, USD, and EUR, for both domestic and international use.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan&#8217;s major banks\u2014MUFG, SMBC, and Mizuho\u2014are gearing up to test a cross-border stablecoin transfer platform, aiming to speed up international payments for businesses.<\/p>\n","protected":false},"author":3,"featured_media":26230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-136862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top Japanese Banks Test Cross-Border Stablecoin Transfers<\/title>\n<meta name=\"description\" content=\"Japan&#039;s major banks\u2014MUFG, SMBC, and Mizuho\u2014are gearing up to test a cross-border stablecoin transfer platform, aiming to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top Japanese Banks Test Cross-Border Stablecoin Transfers\" \/>\n<meta property=\"og:description\" content=\"Japan&#039;s major banks\u2014MUFG, SMBC, and Mizuho\u2014are gearing up to test a cross-border stablecoin transfer platform, aiming to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-06T14:00:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/funds-transfer-overseas.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1900\" \/>\n\t<meta property=\"og:image:height\" content=\"1145\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/\"},\"author\":{\"name\":\"Alexander Stefanov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"headline\":\"Top Japanese Banks Test Cross-Border Stablecoin Transfers\",\"datePublished\":\"2024-09-06T14:00:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/\"},\"wordCount\":146,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/funds-transfer-overseas.jpg\",\"articleSection\":[\"Blockchain\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptodnes.bg\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/\",\"name\":\"Top Japanese Banks Test Cross-Border Stablecoin Transfers\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/funds-transfer-overseas.jpg\",\"datePublished\":\"2024-09-06T14:00:16+00:00\",\"description\":\"Japan's major banks\u2014MUFG, SMBC, and Mizuho\u2014are gearing up to test a cross-border stablecoin transfer platform, aiming to ...\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/funds-transfer-overseas.jpg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/funds-transfer-overseas.jpg\",\"width\":1900,\"height\":1145,\"caption\":\"\u0411\u0420\u0418\u041a\u0421\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptodnes.bg\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top Japanese Banks Test Cross-Border Stablecoin Transfers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"CryptoDnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\",\"name\":\"CryptoDnes EN\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"caption\":\"CryptoDnes EN\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\",\"name\":\"Alexander Stefanov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"caption\":\"Alexander Stefanov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Top Japanese Banks Test Cross-Border Stablecoin Transfers","description":"Japan's major banks\u2014MUFG, SMBC, and Mizuho\u2014are gearing up to test a cross-border stablecoin transfer platform, aiming to ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/","og_locale":"en_US","og_type":"article","og_title":"Top Japanese Banks Test Cross-Border Stablecoin Transfers","og_description":"Japan's major banks\u2014MUFG, SMBC, and Mizuho\u2014are gearing up to test a cross-border stablecoin transfer platform, aiming to ...","og_url":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/","og_site_name":"CryptoDnes EN","article_published_time":"2024-09-06T14:00:16+00:00","og_image":[{"width":1900,"height":1145,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/funds-transfer-overseas.jpg","type":"image\/jpeg"}],"author":"Alexander Stefanov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Stefanov","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#article","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/"},"author":{"name":"Alexander Stefanov","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5"},"headline":"Top Japanese Banks Test Cross-Border Stablecoin Transfers","datePublished":"2024-09-06T14:00:16+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/"},"wordCount":146,"commentCount":0,"publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/funds-transfer-overseas.jpg","articleSection":["Blockchain"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/cryptodnes.bg\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/","url":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/","name":"Top Japanese Banks Test Cross-Border Stablecoin Transfers","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/funds-transfer-overseas.jpg","datePublished":"2024-09-06T14:00:16+00:00","description":"Japan's major banks\u2014MUFG, SMBC, and Mizuho\u2014are gearing up to test a cross-border stablecoin transfer platform, aiming to ...","breadcrumb":{"@id":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/funds-transfer-overseas.jpg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/funds-transfer-overseas.jpg","width":1900,"height":1145,"caption":"\u0411\u0420\u0418\u041a\u0421"},{"@type":"BreadcrumbList","@id":"https:\/\/cryptodnes.bg\/en\/top-japanese-banks-test-cross-border-stablecoin-transfers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptodnes.bg\/en\/"},{"@type":"ListItem","position":2,"name":"Top Japanese Banks Test Cross-Border Stablecoin Transfers"}]},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"CryptoDnes EN","description":"Crypto News, Bitcoin Analysis and More","publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptodnes.bg\/en\/#organization","name":"CryptoDnes EN","url":"https:\/\/cryptodnes.bg\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","caption":"CryptoDnes EN"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5","name":"Alexander Stefanov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","caption":"Alexander Stefanov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/"}]}},"modified_by":"Deyan Angelov","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/136862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=136862"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/136862\/revisions"}],"predecessor-version":[{"id":136863,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/136862\/revisions\/136863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/26230"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=136862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=136862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=136862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}