Japan's SMBC Plans Stablecoin Development With Ava Labs Collaboration

By Yahoo! Finance   |   1 month ago
Japan's SMBC Plans Stablecoin Development With Ava Labs Collaboration

Japan's SMBC plans to launch its own stablecoin in partnership with Ava Labs and Fireblocks by 2026. The initiative aims to improve cross-border payments and reduce transaction costs. With evolving regulations, more banks are exploring stablecoin opportunities in the growing market.

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