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

By Yahoo! Finance   |   1 month ago
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.

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