Mitsubishi UFJ Trust Bank has cooperated with Web3 company Ginco and others to build an international payment system for crypto asset (virtual currency) companies that use stablecoins, and issued them using the Progmat platform. A formal press release was recently released, and the name of the yen-denominated stablecoin is "XJPY" and the name of the dollar-denominated stablecoin is "XUSD". Mitsubishi said that in the future, the two sides will cooperate in the research and issuance of "cross-industry stablecoins" to improve the efficiency of fund settlement between virtual currency trading providers.
Progma was originally a digital asset platform developed by Mitsubishi UFJ Trust Bank, but in September this year it officially announced that it would be spun off as an independent company, with eight companies including NTT Data and SBI PTS Holdings signing a shareholder agreement.
