Ava Labs, the team behind Avalanche, intends to establish the 'basis' of the stablecoin using blockchain technology.
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Japan's second-largest bank SMBC eyes stablecoin launch with Ava Labs: Nikkei
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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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