Japanese Banking Giant to Issue Its Own Stablecoin in Late 2020

[Riya143]

Japan’s largest financial institution, Mitsubishi UFJ Financial Group, is planning to issue the MUFG token in the second half of 2020.
Mitsubishi UFJ Financial Group, or MUFGt, the fifth largest bank in the world, is reportedly planning to issue its own digital currency in the second half of 2020.

Initiated back in 2015, the digital currency project was originally designed to run on a blockchain network and facilitate instant peer-to-peer transactions. Following multiple delays, the initiative is now scheduled to be rolled out no later than 2020, Cointelegraph Japan reports on July 13.
Read More: https://cointelegraph.com/news/japanese-banking-giant-mufg-to-issue-its-own-stablecoin-in-h2-2020