Ikuyo has initiated a project aimed at improving the trade finance sector in Japan by reducing payment costs, shortening payment times, and simplifying complex procedures that limit export competitiveness. The company listed in Tokyo announced the establishment of the Stablecoin Payment Association on September 24th, with the goal of standardizing blockchain-based payment infrastructure.
The association will use stablecoin to enhance the efficiency of cross-border payments, benefiting exports and imports through lower transaction costs and smoother cash flows. At the same time, the initiative opens up new market opportunities for fintech and technology companies, while providing a reliable partner for government agencies to promote the digital economy. Members include financial institutions, trading companies, manufacturers, and blockchain providers.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Japanese auto parts manufacturer launches Stablecoin initiative to reform trade finance.
Ikuyo has initiated a project aimed at improving the trade finance sector in Japan by reducing payment costs, shortening payment times, and simplifying complex procedures that limit export competitiveness. The company listed in Tokyo announced the establishment of the Stablecoin Payment Association on September 24th, with the goal of standardizing blockchain-based payment infrastructure.
The association will use stablecoin to enhance the efficiency of cross-border payments, benefiting exports and imports through lower transaction costs and smoother cash flows. At the same time, the initiative opens up new market opportunities for fintech and technology companies, while providing a reliable partner for government agencies to promote the digital economy. Members include financial institutions, trading companies, manufacturers, and blockchain providers.