1/ 🧵 Japan's Hokkoku bank has released a stablecoin backed by deposit named Tochika. And it would be powering the local economy.
1/ 🧵 Japan's Hokkoku bank has released a stablecoin backed by deposit named Tochika. And it would be powering the local economy.
2/ 🧵 Previously Tochipo ecosystem had the point system based app for powering the local shops and the local govt.
3/ 🧵 This stablecoin is also being studied and being watched before any stablecoin on the lager level is released by the govt. However tochikas success would speak a lot about consumer adoption.
4/ 🧵 Check out the Tochika stabelcoin and how it was created by the Hokkaku Bank.
https://inleo.io/@esmeesmith/tochika-stablecoin-backed-by-bank-deposits-in-japan