Progmat Coin, it was said, is built to work with stablecoin issuance from any trust bank.
MUFG also recently announced its partnership with DataChain.
Mitsubishi UFJ Financial Group (MUFG), the biggest financial institution in Japan, has announced that it would utilize the Progmat Coin platform to produce locally backed stablecoins across public blockchains. Ethereum, Avalanche, Cosmos, and Polygon will all be used to issue stablecoins.
Progmat Coin, it was said, is built to work with stablecoin issuance from any trust bank, not only MUFG. As of this month, stablecoins may be issued by Japanese trust banks thanks to new regulations.
Boosting Blockchain Interoperability
To further demonstrate its commitment to blockchain interoperability, MUFG recently announced its partnership with DataChain. Moreover, DataChain’s public blockchain solution TOKI, a cross-chain bridge, is working with them as well.
The teamwork’s ultimate goal is to provide cross-chain swaps, cross-chain payments, a
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