Mitsubishi UFJ Bank (MUFG Bank), the largest bank by assets in | CoinNews

Mitsubishi UFJ Bank (MUFG Bank), the largest bank by assets in Japan, will issue a blockchain-based stablecoin has partnered with Japan’s SBI Group and Daiwa Securities for instant settlement of securities transactions.

This stablecoin will be tied to the Japanese Yen and was named ‘Progmacoin’, reported Nikkei.