Major Japanese Banks Set to Launch Yen-Based Stablecoin
Japan's leading banks are collaborating to issue a stablecoin pegged to the yen, enhancing their corporate settlements and reducing transaction costs.
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Japan's leading banks are collaborating to issue a stablecoin pegged to the yen, enhancing their corporate settlements and reducing transaction costs.
Nordea, the largest bank in Scandinavia, is set to offer a Bitcoin-linked exchange-traded product (ETP) in December, reversing its previous ban on employee cryptocurrency holdings.
Pave Bank aims to expand its digital banking services following a significant funding round.
Pave Bank, a fintech startup, raises significant funding led by Accel to expand its offerings in programmable banking, integrating crypto and traditional banking services.
Erebor, a financial services firm supported by Peter Thiel, has gained approval from US regulators to operate, potentially filling the void created by Silicon Valley Bank's collapse.
A coalition of major banks is investigating the potential of a stablecoin linked to significant global currencies, which could innovate the digital asset landscape.

Fasset obtains approval to provide Shariah-compliant banking solutions using stablecoins, catering to underserved regions in Asia and Africa.
Patrick Collison argues that the rise of yield-bearing stablecoins will compel banks to offer better returns to remain competitive.

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