A wallet linked to SBI moved about JPY 3.5 billion into a JPY stablecoin pool on Solana ahead of a pilot scheduled for July 16, according to Techub News. The transfer increased stablecoin depth on Solana by roughly $30 million within 12 hours. During the same period, DEX spreads narrowed and trading volume climbed. The funds were directed mainly to a yen-denominated stablecoin liquidity pool on Solana, improving trading depth and market efficiency for the asset on-chain. Techub News said the move was tied to an upcoming pilot involving SBI, one of Japan’s largest financial groups. The report links the capital injection directly to that trial run and frames it as a liquidity build-up before the pilot begins.
A wallet linked to SBI bridged about JPY 3.5 billion into a JPY stablecoin pool on Solana ahead of a pilot set for July 16, according to Techub News.
The move lifted stablecoin depth on Solana by about $30 million within 12 hours. DEX spreads narrowed, and trading volume increased over the same stretch.
Funds were directed to a yen stablecoin liquidity pool on Solana
Techub News said the capital was used mainly for a yen stablecoin liquidity pool on Solana. The added liquidity improved trading depth and market efficiency for yen stablecoins on the chain.
SBI Group is one of Japan’s largest financial groups, and the inflow was tied to its pilot project scheduled for July 16.
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