Ava Labs, the developer behind the Avalanche blockchain, is expected to build the technological foundation for the stablecoin.
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SMBC Parent Sumitomo Mitsui Plans Stablecoin Launch with Ava Labs and Fireblocks
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Ava Labs contributes the Avalanche blockchain as the technical foundation for the fiat-pegged stablecoin infrastructure being developed under Japan’s regulated framework, in partnership with SMBC, Fireblocks, and TIS.
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