Mitsubishi UFJ Trust and Banking Corporation in Japan will collaborate with Binance Japan to launch a new stablecoin

ChainCatcher news, according to Coinpost, Japan's Mitsubishi UFJ Trust and Banking Corporation announced that it will begin collaborating with Binance Japan and Progmat to jointly launch a new stablecoin, which will be denominated not only in Japanese yen but also in foreign currencies such as the US dollar.

It is reported that the new stablecoin will be created using the stablecoin platform Progmat Coin under Mitsubishi UFJ Trust and Banking Corporation, and it will serve as the core of the Coin Security Sphere ecosystem in collaboration with the Japanese market.