Japanese Megabank Mitsubishi UFJ Teams up with Crypto Exchange for Stablecoin Project
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Japanese Megabank Mitsubishi UFJ Teams up with Crypto Exchange for Stablecoin Project
The result
will be the creation of a stablecoin-powered “international payment system.
to roll out in 2024
and will involve issuing stablecoins that are pegged to the Japanese yen and the United States dollar
The bank said that it believes that its platform will allow users to “improve efficiency and reduce fees” when exchanging tokens with “overseas businesses.”
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