Wu Blockchain (@WuBlockchain): Japan’s second-largest bank, Sumitomo Mitsui Financial Group, plans to launch a stablecoin in collaboration with Ava Labs and Fireblocks. Ava Labs wil…
Estimated coin impact
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- AVAX+50Positive
- FIREBLOCKS+40Positive
Japan’s second-largest bank, Sumitomo Mitsui Financial Group, plans to launch a stablecoin in collaboration with Ava Labs and Fireblocks. Ava Labs will provide the blockchain infrastructure, while Fireblocks will develop the token management system. The project is expected to begin testing in the second half of 2025, with a potential stablecoin launch as early as next year. theblock.co/post/349208/ja…