Progmat stablecoin platform takes shape as wallet, liquidity providers join By Cointelegraph

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The Progmat Coin ecosystem is taking shape in Japan. With a market maker, wallet provider and cryptocurrency exchanges on board, Progmat and Mitsubishi UFJ Financial Group (NYSE:) hope to launch two stablecoins in the summer of 2024.

Stablecoin platform Progmat Coin, MUFG and wallet provider Ginco have begun a study with the goal of issuing a yen-denominated XJPY stablecoin and dollar-denominated stablecoin, Progmat said in a statement. This is in addition to the platform’s function enabling stablecoin issuance.

Progmat Coin schematic. Source: Medium