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MUFG Among 21 Global Financial Institutions Backing US Dollar Stablecoin Launch
Summary by Fintech Singapore
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6 Articles
New company will have global performance and will initially offer a stablecoin denominated in US dollars
It can be used by customers of wholesale, institutional and retail markets in different situations that can benefit from the use of digital money
·São Paulo, Brazil
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MUFG Among 21 Global Financial Institutions Backing US Dollar Stablecoin Launch
A group of 21 financial institutions plans to launch a US dollar stablecoin in the first half of 2027. The group includes Japan’s MUFG Bank, Sirius International Holding from the Middle East and Standard Bank from Africa. Its European members are Banco Santander, BBVA, Commerzbank, Crédit Agricole, Deutsche Bank, Lloyds Banking Group, Rabobank and UBS. [...] The post MUFG Among 21 Global Financial Institutions Backing US Dollar Stablecoin Launch…
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