Crypto exchange Binance among firms eyeing new stablecoins in Japan By Cointelegraph
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Crypto exchange Binance is teaming up with Japan’s largest bank, the Mitsubishi UFJ (NYSE:) Trust and Banking Corporation (MUTB), to explore the issuance of stablecoins in Japan.
On Sept. 25, Binance Japan announced a joint study that aims to see the companies issue Japanese yen and other fiat-backed stablecoins to accelerate Web3 adoption in Japan. The pair plans to utilize MUFG’s stablecoin issuance platform, Progmat Coin.
Continue Reading on Coin Telegraph
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© Reuters.
Crypto exchange Binance is teaming up with Japan’s largest bank, the Mitsubishi UFJ (NYSE:) Trust and Banking Corporation (MUTB), to explore the issuance of stablecoins in Japan.
On Sept. 25, Binance Japan announced a joint study that aims to see the companies issue Japanese yen and other fiat-backed stablecoins to accelerate Web3 adoption in Japan. The pair plans to utilize MUFG’s stablecoin issuance platform, Progmat Coin.
Continue Reading on Coin Telegraph
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