Mitsubishi UFJ Trust and Banking Corporation collaborates with Binance Japan to research new stablecoin.

According to BlockBeats news on September 25th, Mitsubishi UFJ Trust and Banking has partnered with Binance Japan to jointly research and issue new stablecoins based on the "Progmat Coin" infrastructure for issuing and managing stablecoins that complies with Japanese regulations. The planned stablecoins include a yen stablecoin and a dollar stablecoin.