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Japan's Banking Giant SMBC Explores Stablecoins With Avalanche's Ava Labs, Fireblocks

Summary by Coin Desk

Sumitomo Mitsui Financial Group (SMBC), one of Japan's largest banking groups, is the latest financial giant to delve into stablecoins as the market for the $230 billion asset class is soaring with regulations being laid down globally.The banking group signed an agreement with Avalanche blockchain development firm Ava Labs, digital asset security company Fireblocks and IT service provider TIS to explore the commercialization of stablecoins in th…

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Nikkei

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Japan's SMFG to develop stablecoin with U.S. blockchain firms

TOKYO -- Sumitomo Mitsui Financial Group will develop a stablecoin with two U.S. companies, aiming to launch the currency-pegged cryptocurrency around

3 days ago·Japan

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Coin Desk

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Japan's Banking Giant SMBC Explores Stablecoins With Avalanche's Ava Labs, Fireblocks

3 days ago·Manila, Philippines

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cryptotale.org

SMBG Teams with Ava Labs and Fireblocks for Stablecoin Launch

SMBG plans to launch a fiat-backed stablecoin on the Avalanche network to improve payments. Ava Labs and Fireblocks will handle blockchain infrastructure and token management. Japan’s stablecoin regulations set it as a global leader in digital finance innovation. Sumitomo Mitsui Financial Group (SMBC), one of Japan’s largest financial institutions, has revealed plans to launch a fiat-backed stablecoin on the Avalanche blockchain network. The pro…

2 days ago

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coinspaidmedia.com

Sumitomo Mitsui to Launch Stablecoin on Avalanche

Sumitomo Mitsui Banking Corporation (SMBC) announced the development of a new stablecoin. The digital asset is expected to be integrated into payment systems and real-world asset (RWA) tokenization. SMBC, Japan’s... Сообщение Japan’s Largest Bank Develops Its Own Stablecoin появились сначала на CoinsPaid Media.

2 days ago

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DailyTruthReport

Largest Bank in Brazil Mulls Stablecoin, Awaits Regulation

Itaú Unibanco, the largest banking institution in Brazil, is considering the issuance of a stablecoin, cautiously hoping to learn from the experiences of American banks and the final stablecoin regulations in the country. Itaú Unibanco Talks in-House Stablecoin, Regulation in Brazil Banks from all over the world are eyeing stablecoins and how these new assets... The post Largest Bank in Brazil Mulls Stablecoin, Awaits Regulation appeared first o…

2 days ago

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thepaypers.com

SMBC joins Fireblocks and Ava Labs to study stablecoin use

Sumitomo Mitsui Financial Group (SMBC) has decided to work with Ava Labs, Fireblocks, and IT service provider TIS to assess the commercial use of stablecoins in Japan.

2 days ago

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