Binance Japan partners with MUFJ on stablecoin development – Forkast News

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Mitsubishi UFJ Trust and Banking Corporation, the largest banking group in Japan, and Binance Japan — the Japanese arm of the world’s largest cryptocurrency exchange — are collaborating on the issuance of fiat-pegged stablecoins, the two companies announced via a joint press release Tuesday.
See related article: MUFG enables bank-backed stablecoin issuance amid new Japanese regulations
See related article: Binance Japan launches with 34 tokens, BNB debuts in the country
Danny is a journalist at Forkast.News. Originally from South Korea, Danny has produced content for media companies in Korea, Hong Kong and China. He holds a Bachelor of Journalism and Business Marketing from the University of Hong Kong.
Will Fee is an editor and Asia correspondent based in central Tokyo. He holds a Master of Philosophy in Japanese Studies from Oxford University, where he specialized in postwar politics, culture and society. He previously covered domestic politics for The Japan Times and is interested in exploring the political implications of a regulatory pivot toward crypto and Web3 in East Asia.
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An unmissable weekly round up of the biggest stories in emerging tech from an Asian perspective, featuring commentary from Forkast Editor-in-Chief Angie Lau. Check out recent editions.

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