AltX Research Pivots to Stablecoin Payments, Launches MIZUHIKI Mainnet

AltX Research has announced a strategic shift toward stablecoin payment infrastructure, launching the mainnet for its Layer 1 blockchain, MIZUHIKI (formerly Japan Smart Chain). The platform enables merchants to receive payments in Japanese Yen while customers pay in stablecoins like USDC, USDT, and JPYC. The system features sub-second transaction finality via 'SpeedLane Payments,' built-in KYC/AML compliance, and a validator network operated by domestic Japanese entities. AltX Research is also developing a government benefit distribution system using My Number cards, with pilot programs underway in multiple municipalities. The company was co-founded by Joichi Ito and Paidy founder Russell Cummer, with partners including Mizuho Bank, KDDI, and GMO-Z.com Trust Company.