SMBC, Ava Labs, Fireblocks Collaborate on Stablecoin Framework in Japan

A significant development has emerged within the Japanese financial landscape with a collaboration between Sumitomo Mitsui Financial Group (SMBC), TIS Inc., Ava Labs (developers of the Avalanche blockchain), and Fireblocks, an enterprise-grade digital asset infrastructure provider. The companies have joined forces to explore the potential for commercializing stablecoins in Japan through a Memorandum of Understanding (MoU). 🇯🇵 📈