TOKYO -- Sumitomo Mitsui Financial Group will develop a stablecoin with two U.S. companies, aiming to launch the currency-pegged cryptocurrency around fiscal 2026.
Cryptocurrencies
Japan's SMFG to develop stablecoin with U.S. blockchain firms
Japanese megabank sees demand for settlements between companies
SMFG, the parent of SMBC, is exploring the launch of its own stablecoin in partnership with two U.S. companies. © Reuters
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