Sumitomo Mitsui Plans Stablecoin With Ava Labs and Fireblocks

According to a report by Nikkei, SMFG, which operates Japan's second-largest bank, SMBC, is partnering with Ava Labs and Fireblocks to develop a new stablecoin. The stablecoin project aims to make cross-border payments faster and cheaper.

Source: altcoinbuzz.io

Related symbols: STABLEUSD