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by: xpoolPosted on: April 2, 2025

Sumitomo Mitsui Financial Group Launches Stablecoin in Collaboration with Ava Labs and Fireblocks

Japan’s second largest bank, Sumitomo Mitsui Financial Group (SMBC), is taking a significant leap into the cryptocurrency sector. According to recent news from Nikkei, SMBC will soon launch its own stablecoin, partnering with Ava Labs and Fireblocks for this innovative venture.

Related posts:

  1. SMBC, Ava Labs, Fireblocks Collaborate on Stablecoin Framework in Japan
  2. Stablecoin Launch Looms: Market Chaos and Major Bank Invests in Avalanche
  3. DFSA Approves USDC and EURC: Revolutionizing Dubai’s Crypto Landscape
  4. Circle Mints $8.25 Billion USDC on Solana: A Sign of Growing Demand for Digital Dollars
Financial Institutions Japan Stablecoins

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