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News
Significance:
7/10

Japanese mega banks to jointly issue yen-pegged stablecoin: Report

https://cointelegraph.com/news/japan-mega-banks-stablecoin-mitsubishi-progmat

Stablecoins
Regulation
Payments
•
Ezra Reguerra
•
Cointelegraph

Mentions

People
Organizations

Regions

Code
Name
JP
🇯🇵Japan

Sentiments

Target
Sentiment
Comment
Stablecoins
Bullish
Major Japanese banks are adopting stablecoins, indicating strong institutional interest and regulatory support.
Mitsubishi UFJ Financial Group (MUFG)
Bullish
MUFG's Progmat platform is central to the stablecoin initiative, showcasing its leadership in blockchain adoption.