#progmat

日本のメガバンクとProgmat：共同ステーブルコイン構想

MUFG、SMBC、みずほフィナンシャルグループが2027年3月までに円ペッグ型ステーブルコインを共同で発行する準備を進めており、日本の金融情勢に大きな変化が訪れようとしています。

この構想は、Progmatの発行プラットフォームとDatachainの相互運用技術を活用し、バックオフィスインフラの近代化と国際決済の改善を目指します。ブロックチェーン間通信プロトコルと「バーン・ミント」方式の送金を活用することで、既存のデジタル資産に代わる、規制に準拠した資本効率の高い代替手段を提供することを目指しています。

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🖊#UAEM | Reconocen calidad de contenidos científicos en revista Progmat de la UAEM +INFO:

Por su calidad académica y contenidos de actualidad e interés científico, la revista Programación Matemática y Sofware (Progmat) editada por Marco Antonio Cruz Chávez, profesor investigador del Centro de Investigación en Ingeniería y Ciencias Aplicadas (CIICAp) de la Universidad Autónoma del Estado de Morelos (UAEM), fue incorporada al Índice Periódico, la base de datos Biblat y…

MUFG could problem stablecoin through Progmat blockchain platform

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Mitsubishi UFJ Fiscal Group Inc., a well known Japanese banking company, is at present in negotiations with several firms about issuing stablecoins, a form of digital asset, through its blockchain system Progmat.

Japan’s banking giant, Mitsubishi UFJ Money Group Inc. (MUFG), is believed to be in conversations with several providers, like individuals connected to key global stablecoins, about the possible deployment of these electronic assets by using its blockchain platform, Progmat.

The new Japanese legislation on stablecoins, one of the initially among the world’s main economies, mandates that only the country’s licensed financial institutions, registered dollars transferring solutions, and believe in firms can challenge these tokens.

Tatsuya Saito, MUFG’s VP of Product or service, has shared in an interview that the lender is pondering about the use of Progmat to generate stablecoins tied to foreign currencies like the U.S. greenback for global utilization.

He states that the latest legislation must instill self-assurance in stablecoin issuers and users. Nonetheless, he didn’t disclose the identities of the stablecoin businesses the lender is presently conversing to.

Stablecoins, made to preserve a regular price (generally $1) and normally backed by hard cash or bond reserves, keep a important situation in the crypto field. CoinGecko data indicates that the circulating stablecoins’ worth is probably all-around $130 billion.

Japan banking huge MUFG is in talks to issue international-forex stablecoins for world-wide use now that the country’s legal framework for the tokens is up and functioning https://t.co/jrr1elBWaB

— Bloomberg Crypto (@crypto) June 23, 2023

There have been situations when stablecoins deviated from their pegs, instigating volatility in the crypto marketplaces. A notable situation was the fall of terraUSD in May possibly 2022, which was dependent on algorithms and trader incentives, resulting in a around $40 billion decline.

Regulatory bodies have heightened their vigilance of stablecoins owing to these types of incidents. Japan’s novel legislation promotes the issuance of stablecoins that are fully supported by fiat income in a corresponding forex.

https://www.youtube.com/check out?v=tHd4H0h105I

Saito elucidated that MUFG’s primary options revolve close to Progmat’s use to difficulty 3rd-bash security tokens, with no instant ideas to introduce its have stablecoin.

He additional added that the financial institution is investigating stablecoin initiatives with amusement and non-money corporations and a group of Japanese financial institutions.

International fiscal organizations have shown interest also, and Saito proposes that Japan could probably be a around the world hub for stablecoin issuance.

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(三菱UFJ信託銀「Progmat（プログマ）」担当に聞く、ステーブルコイン参入と規制動向 ｜FinTech Journalから)