Solana (SOL) continues to gain institutional momentum despite market turbulence, as Japan’s Minna Bank launches a new initiative to test stablecoin use cases using Solana’s blockchain and Fireblocks’ security infrastructure.
Minna Bank’s Stablecoin Strategy Targets Mobile-First Users
Minna Bank, a fully digital bank and part of the Fukuoka Financial Group, has partnered with Solana, Fireblocks, and fintech provider TIS to explore how stablecoins can modernize financial services in Japan.
The pilot project focuses on real-world applications, including retail payments, on-chain infrastructure, and user-centric finance tools. The initiative is timely, as stablecoins now exceed $250 billion in global market cap, drawing fresh attention from banks eager to digitize cross-border payments and streamline settlements.
Minna Bank targets tech-savvy users aged 15–39, a demographic underserved by Japan’s traditional financial institutions.
Fireblocks to Ensure Secure Web3 Wallet Integration
Fireblocks, known for its enterprise-grade wallet technology and digital asset transfer platform, will provide the backbone for secure Web3 wallet operations. Its CEO, Michael Shaulov, stated that the partnership could significantly increase efficiency in transferring value within a digital ecosystem.
The move aligns with Minna’s Banking-as-a-Service model, which seeks to embed financial tools into users’ everyday mobile experiences — from budgeting to online shopping.
SOL Price Pulls Back Despite Bullish Fundamentals
While Solana’s fundamentals remain strong, its price has recently retreated amid broader market pressure. SOL dropped 3.36% to $150.81, after facing resistance at $153.77 and briefly dipping to a support level of $149.13.
Despite short-term volatility, technical indicators show early signs of recovery, with SOL forming a mini uptrend in the final hour of trading on July 4.
Volume surges at key support levels confirmed buying interest, indicating that institutional sentiment remains intact. Recent moves by DeFi Development Corp. and the launch of the REX-Osprey Solana + Staking ETF have only strengthened that confidence.
Solana’s Institutional Use Case Expands in Asia
This collaboration highlights Solana’s growing appeal beyond DeFi and NFTs. Real-world banking pilots in Japan, especially those focusing on stablecoins and mobile-native finance, demonstrate the blockchain’s scalability and enterprise readiness.
As stablecoin regulation takes shape globally, Solana’s integration into Asia’s digital banking sector may become a critical catalyst for long-term adoption.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.