Japan’s Largest Bank Unveils Stablecoin Platform For Banks | Coingape

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Japan’s largest bank Megabank Mitsubishi UFJ Financial Group (MUFG) has announced its stablecoin issuance platform Progmat Coin that would be used to issue local bank-backed stablecoins on multiple public blockchains. The stablecoins will be issued on several blockchains, including Ethereum, Avalanche, Cosmos and Polygon. New law allows trust banks to issue stablecoins in Japan As

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Source: coingape.com

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