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blockchain  cross-border payments  Datachain  Financial Institutions  Japan banks  Mitsubishi UFJ  Mizuho Bank  Project Pax  stablecoin platform  Sumitomo Mitsui

Japan’s major banks back new stablecoin project for global trade

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Project Pax, backed by Japan’s top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20.

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