Japan’s MUFG Initiates Discussions with Stablecoin Issuers for Blockchain Integration

A renowned trader, known for his spot-on predictions on market highs and lows, has now forecasted an ambitious target. Not only has he given a bold forecast, but he clearly expresses his conviction. The future targets of those who have been accurate in the past become more intriguing. So what are the details about this exciting prediction and the bull scenario? MUFG Moves After Stablecoin Law Japan’s biggest bank, Mitsubishi UFJ Financial Group (MUFG), is discussing issuing stablecoins through their blockchain platform Progmat, according to a Bloomberg report. This follows the stablecoin law implemented in Japan on June 1st, allowing licensed banks, trust companies, and registered money transfer agents to issue stablecoins. “Stablecoin issuers and users can feel safe using stablecoins, now that the law is in effect,” Tatsuya Saito, MUFG’s Deputy Product Chief, told Bloomberg in an interview. Stablecoins play a critical role in the crypto sector and serve […] The post Japan’s MUFG Initiates Discussions with Stablecoin Issuers for Blockchain Integration appeared first on COINTURK NEWS.