Japan Blockchain Foundation is preparing to launch a Yen stablecoin on Ethereum
It's built for B2B settlement, cross-border payments, and enterprise remittances.
It'll also issue on Japan Open Chain, a consortium L1 run by major Japanese enterprises. They could've kept this entirely inside their own permissioned network but didn't.
When regulated institutions need neutral global rails, Ethereum is where they end up.
Source:
@TheBlockCo