From what I understood was that each bank in Japan can release a stablecoin of its own and then the Central Bank will also have CBDC. Could it be that the CBDCs are layer2 scaling protocol on Ethereum and then each bank stablecoins are tokens on top of it?
Russia has Defi which is more appealing to users and investors who want to make money on it. So far these are just the two countries that have some sort of update about thier digital currency.
I only know about plans for this May
Russia’s Sberbank Plans to Launch DeFi Platform by May 2023
https://tokenist.com/russias-sberbank-plans-to-launch-defi-platform-by-may-2023/
The Russian financial market is not as big as the American or European ones, and sanctions will prevent many large companies from participating, but I will write about it later.
That's what I mean. Russia has not launched the Defi yet but that's the plan. It might just be great for the oligarchs in the country to invest in that Defi project.
Japan's stablecoins are not very different from what is in crypto where there are several projects releasing stablecoins. They have several banks launching stablecoins and what happened to USDC today may also happen to one bank.
So far, there are only plans, and there is no specific information. Until I see the open testing of the platform, I have no understanding of how this ecosystem works.
So far, I have dozens of questions, but there are no answers to them either on the official website of Sberbank or on the Internet. From May 1 to May 9, holidays in Russia and most companies do not work. I'm sure we won't see anything before May 10th.
. I mean why made new chain when you can find a dozen of it in crypto but if the chain is public is a progress. and this different from their CBDC right? 
