Mitsubishi UFJ Trust and Banking Corporation and Binance Japan Commence Joint Study to Explore New Stablecoin Issuance Using Progmat Platform to Accelerate Web3 Adoption
Both companies intend on commencing stablecoin operations by the end of 2024 upon completion and approval of applicable regulatory approvals by Binance Japan.
- Both companies intend on commencing stablecoin operations by the end of 2024 upon completion and approval of applicable regulatory approvals by Binance Japan.
- Tatsuya Saito, Founder and CEO of Progmat Inc, Vice President of Product of MUTB, said: "We believe that the new stablecoin from this collaboration will be a step forward in advancing the Web 3.0.
- Among them, Binance has a strong position in the existing crypto assets trading world, and the impact of having the most secure stablecoin functioning within this ecosystem is immeasurable.
- Takeshi Chino, General Manager of Binance Japan, said: "We are honored to partner with MUTB to explore issuing new stablecoins in Japan through the Progmat platform.