Mizuho Bank of Japan will launch its own StableCoin in March

Mizuho Bank of Japan going to launch its own Stablecoin which is pegged to “Yen” for payments and other services in March 2019.

Mizuho is the public Bank of Japan with more than $1 Trillion in Assets Total. Mizuho Bank account holders will able to use stablecoin directly from their accounts as the digital wallets will be linked directly to the existing accounts.

Banking Sector finds Blockchain Technology very useful and many largest Bank working on Blockchain developments to revolutionize their banking system with Blockchain Technology.

Most of the Banks already launched their own stablecoins and mostly still working on the development of the Blockchain system for their Banks.

Some Days ago the Biggest bank of US ‘JP Morgan Bank‘ launched its own stablecoin named “JPM coin” which is pegged to US dollar ($).

Last year some Banks of Japan also launched their stablecoin pegged to the national currency of Japan “Yen”.