MIZUHIKI: Japan's New Sovereign Blockchain for Stablecoin Payments
AltX Research has rebranded its Japan-origin Layer 1 blockchain from JSC to MIZUHIKI, reflecting a strategic pivot towards stablecoin payments and integrated infrastructure. The platform's new name is designed as a Japan-sovereign Layer 1 blockchain with transaction finality achieved in under one second.
MIZUHIKI allows gas fees to be paid in stablecoins without requiring a native token, which is seen as a significant advantage for regulatory compliance. Key supported stablecoins include USDC, USDT, and JPYC, with merchant remittances settled monthly in Japanese yen.
The PSP business targets high-value cross-border transactions, seeking to resolve pain points such as card payments declines on large transactions, foreign exchange spreads, and remittance friction.