coin-img-TRUSTTRUST-10.56%coin-img-KITEKITE-5.47%coin-img-ETHETH-0.69%coin-img-BTCBTC-0.76%coin-img-SOLSOL-0.81%coin-img-UCNUCN-0.27%coin-img-XRPXRP-4.12%coin-img-ASTERASTER-5.07%coin-img-TRUSTTRUST-10.56%coin-img-KITEKITE-5.47%coin-img-ETHETH-0.69%coin-img-BTCBTC-0.76%coin-img-SOLSOL-0.81%coin-img-UCNUCN-0.27%coin-img-XRPXRP-4.12%coin-img-ASTERASTER-5.07%coin-img-TRUSTTRUST-10.56%coin-img-KITEKITE-5.47%coin-img-ETHETH-0.69%coin-img-BTCBTC-0.76%coin-img-SOLSOL-0.81%coin-img-UCNUCN-0.27%coin-img-XRPXRP-4.12%coin-img-ASTERASTER-5.07%coin-img-TRUSTTRUST-10.56%coin-img-KITEKITE-5.47%coin-img-ETHETH-0.69%coin-img-BTCBTC-0.76%coin-img-SOLSOL-0.81%coin-img-UCNUCN-0.27%coin-img-XRPXRP-4.12%coin-img-ASTERASTER-5.07%

Japan FSA Backs Stablecoin Pilot by MUFG, SMBC, Mizuho Banks

Japan's Financial Services Agency announced Nov. 7 support for a joint stablecoin issuance pilot by Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank, CoinDesk reports. The pilot marks the first initiative under the newly established Payment Innovation Project (PIP) designed to advance payment sector innovation. Mitsubishi Corporation will serve as business partner, Progmat will provide issuance infrastructure, and Mitsubishi UFJ Trust and Banking Corporation is expected to handle trust functions.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.