, Binance Japan, the division of the world's largest crypto exchange, has revealed its collaboration with Mitsubishi UFJ Trust and Banking Corporation , Japan's largest banking group, worth $3.1 trillion in total assets. The key focus of this collaboration is the development of a new stablecoin.
What set the stage for this monumental collaboration was Binance's reentry into the Japanese market in August 2023, after clearing regulatory challenges.This initiative centers around the utilization of the Progmat Coin platform. Initially introduced in 2022, the platform's purpose is to facilitate the creation and management of stablecoins linked to the Japanese yen .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2016 Mitsubishi Outlander | SpecificationsDetailed car specs: 2016 Mitsubishi Outlander. Find specifications for every 2016 Mitsubishi Outlander: gas mileage, engine, performance, warranty, equipment and more.
Source: auto123 - 🏆 566. / 51 Read more »
Binance exit aftershock: Can one resignation tip the crypto trust scales?Money is a valuable commodity, and even the hint that it may be in jeopardy is reason enough to react quickly and decisively.
Source: Cointelegraph - 🏆 562. / 51 Read more »
CZ appoints Binance security team to track Huobi HTX stolen fundsThe hacker was given 7 days to return 95% of the funds and keep the 5% as a 'white-hat bonus.'
Source: Cointelegraph - 🏆 562. / 51 Read more »
Binance Restarts in Belgium Three Months After Order to StopIn June, the exchange was told to stop serving Belgian clients by the Financial Services and Markets Authority.
Source: CoinDesk - 🏆 291. / 63 Read more »
Binance reopens in Belgium three months after regulator told it to cease operationsBinance reopened its crypto exchange platform in Belgium after the country’s financial regulator ordered it to stop services in June.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Binance looks to issue stablecoins in Japan with MUFG unit by end of 2024Binance Japan is studying the issuance of a stablecoin with MUFG as it re-enters the market.
Source: TheBlock__ - 🏆 464. / 53 Read more »