Japanese Banking Giant SMBC Explores Stablecoin Use With Ava Labs, Fireblocks

Japanese Banking Giant SMBC Explores Stablecoin Use With Ava Labs, Fireblocks
Sumitomo Mitsui Financial Group (SMBC) partners with Avalanche, Fireblocks, and TIS to explore stablecoins in Japan's growing $230 billion market. This collaboration aims to develop a framework for stablecoin issuance and usage in settling tokenized assets.