Sumitomo Mitsui Financial Group... is planning to launch a stablecoin in collaboration with Ava Labs and Fireblocks, Nikkei reported Tuesday.
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Japan's second-largest bank SMBC eyes stablecoin launch with Ava Labs: Nikkei
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SMBC announced a Memorandum of Understanding (MOU) with Ava Labs, Fireblocks, and TIS to develop and launch a fiat-pegged stablecoin by 2026, following trials set for late 2025.
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