Wu Blockchain has learned that Japan's Financial Services Agency announced support for a stablecoin trade settlement pilot. Six institutions are participating: TradeWaltz, NTT Data, Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, and Mitsubishi UFJ Trust and Banking Corporation. The experiment, starting in September, will connect TradeWaltz with a stablecoin platform, using bank-approved purchases of export receivables as a trigger to execute stablecoin settlements, aiming to verify technical and legal issues. The pilot plans to use stablecoins jointly researched by the participating financial institutions and will also explore electronic bills of lading (eB/L) and escrow services based on smart contracts in the future. https://www.(wublock123.com)/news/japan-big-three-banks-stablecoin-settlement-financial-services-agency-support-69186