Mitsubishi UFG Financial Group (MFG), a Japanese financial services company announced on June 2 that Progmat Coin, the stablecoin issuance platform of MFG would facilitate the issuance of bank-backed stablecoins on the leading crypto networks including Ethereum, Polygon, Avalanche, and Cosmos. The report stated that the Japanese banks would soon use Progmat Coin to launch The post Japan’s Banks Prepare to Use MFG’s Progmat Coin to Issue Stablecoins appeared first on Coin Edition .
