Japan's top banks jointly issue stablecoin, Nikkei says
Reuters··market
Mitsubishi UFJ, Mizuho and Sumitomo Mitsui will collaborate on a yen-pegged stablecoin to support corporate settlements under Japan's new digital currency rules, according to Nikkei via Reuters.
stablecoin:DCJPYissuer:Mitsubishi UFJ Financial Groupissuer:Mizuho Financial Groupissuer:Sumitomo Mitsui Financial Groupregulator:Financial Services Agency of Japanblockchain:Progmat Coin
Coverage from 4 other sources
The BlockJapan's big banks join forces on stablecoins to speed corporate paymentsCoinDeskJapan's top banks plan joint stablecoin launch, Nikkei reportsFinance MagnatesJapan's top banks team up to test stablecoin backed by national regulatorFXStreetJapan's banking giants MUFG, Sumitomo Mitsui, Mizuho eye stablecoin launch
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