Japan’s banking giant Mizuho Financial Group will launch its bespoke stablecoin for payments and remittance services on March 1, local financial newspaper Nikkei Asian Review reports on Feb. 21.
In a partnership with around 60 counterpart financial institutions — which together reportedly host 56 million user accounts — Mizuho’s new “J-Coin” digital currency platform will reportedly directly link existing bank accounts with digital wallets.