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MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform

Mitsubishi UFJ Financial Group hasn’t revealed what firms will be the first to utilize its platform; however, a handful of banks have reportedly opted for a separate stablecoin solution.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform

Mitsubishi UFJ Financial Group hasn’t revealed what firms will be the first to utilize its platform; however, a handful of banks have reportedly opted for a separate stablecoin solution.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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