🚀 Big news from Japan! Sumitomo Mitsui Financial Group, parent of Japan's second-largest bank, is diving deeper into crypto waters with a new stablecoin project. Teaming up with Avalanche (AVAX) and Fireblocks, SMBC aims to launch trials by late 2025. This move follows their 2024 cross-border stablecoin pilot with other banking giants. 💡

SMBC's blockchain journey started in 2019 with R3's Marco Polo and continues to evolve. What do you think about banks embracing stablecoins? Share your thoughts below!