Express

World's Fifth Largest Bank To Issue Its Own Stablecoin In Late 2020

Tracy CHEN

Summary: According to the local news agency Mainichi Shimbun, Mitsubishi UFJ Financial Group, or MUFGt, the fifth largest bank in the world, is planning to issue its own digital currency in the second half of 2020. MUFG is reportedly planning to launch mobile retail payments powered by the digital currency in collaboration with its partner, the ...

According to the local news agency Mainichi Shimbun, Mitsubishi UFJ Financial Group, or MUFGt, the fifth largest bank in the world, is planning to issue its own digital currency in the second half of 2020. MUFG is reportedly planning to launch mobile retail payments powered by the digital currency in collaboration with its partner, the Recruit Group.

Since the project was first initiated about five years ago, the rollout of the MUFG token has been delayed several times. 

Tracy Chen

Last Update:

Tags:
Link: World's Fifth Largest Bank To Issue Its Own Stablecoin In Late 2020   [Copy]
  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... 5 days ago
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program 9 days ago
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 27 days ago
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 28 days ago
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? October 22, 2025
  • You need to login to comment.