Short News

Japan’s Banking Giant SMBC Plans Stablecoin Launch by 2026

Elena R2 Apr 20251 min read

Sumitomo Mitsui Financial Group, the parent company of Japan’s second-largest bank, SMBC, is stepping into the stablecoin space. The bank is collaborating with Ava Labs for blockchain infrastructure and Fireblocks for token management. Testing is set to begin in the second half of 2025, with a potential launch as early as next year. This move signals growing institutional interest in digital assets and could pave the way for wider stablecoin adoption in Japan.

#Stablecoin

Elena R

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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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