SMBC Promotes JPY Stablecoin, Strengthens Application of Digital Assets 🚀

Sumitomo Mitsui Banking Corporation (#SMBC ) – one of Japan's leading financial groups 🇯🇵 – has just announced a partnership with Ava Labs, Fireblocks, and TIS to research the issuance mechanism of a yen-pegged stablecoin (#JPY ) compliant with domestic regulations.

The project not only focuses on issuing stablecoins but also aims at application in digital asset payments, including bonds, stocks, and tokenized real estate. This is a significant step in integrating blockchain into the traditional financial system, paving the way for the development of the digital economy in Japan! 🔥 #anhbacong