Progmat Coin hopes to issue yen- and dollar-pegged “trust-type” stablecoins next summer to accommodate around-the-clock settlement.
Category: mufg
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MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform
MUFG hasn’t revealed what firms will be the first to utilize its platform, however a handful of banks have reportedly already opted for a separate stablecoin solution.
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Insurance Giant Tokio Marine to Offer Its Services in the Metaverse
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Largest Japanese Bank MUFG Projects to Offer Financial Services in Metaverse by 2023
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MUFG drops blockchain payment project to focus on stablecoins
Established in 2019, MUFG’s blockchain payments project GO-Net Japan is shutting down due to low expected profitability.
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Top Japanese bank MUFG introduces new stablecoin platform
After many years of digital currency development, Japan’s largest bank MUFG has officially introduced its own stablecoin project.
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Japanese government considers relaxing strict coin listing rules
If passed, the rules reform could make it easier for domestic exchanges to list more crypto without needing to go through a long screening process.
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MUFG boosts its crypto exposure following $41M Zipmex funding round
Thailand’s Bank of Ayudhya, where MUFG holds a 76.9% stake, has participated in a $41 million raise for Asia-Pacific-focused crypto trading platform Zipmex.
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Coinbase Partners With MUFG to Launch Operations in Japan
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Seven firms in Japan deploy blockchain to digitize trade paperwork
A new trade management platform in Japan prevents data tampering using blockchain technology.
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