MUFG is working on a new overseas project to become a “global hub for stablecoin issuance”

MUFG to issue overseas stablecoins Mitsubishi UFJ Financial Group (MUFG) is in talks with overseas operators to issue major stablecoins distributed overseas, it was learned on the 23rd. The plan is to utilize Progmat, a platform for issuing and managing various digital assets developed by the group. Tatsuya Saito, product manager of Mitsubishi UFJ Trust and Banking’s Digital Asset Business Office, told Bloomberg that MUFG is in the process of coordinating with external partners to issue stablecoins for the global market. No specific partners have been disclosed. A stablecoin is a digital currency that utilizes blockchain technology, and is characterized