Japan’s three major banks—MUFG, Sumitomo Mitsui, and Mizuho—are collaborating to launch a stablecoin pegged to the Japanese yen and US dollar. This initiative aims to facilitate seamless cross-border settlements, with Mitsubishi Corporation serving as the first application scenario. The three banks collectively have over 300,000 major business partners. https://t.co/CLnNZ0IgJg ...

According to Fortune, Coinbase and Mastercard have both entered advanced negotiations to acquire stablecoin startup BVNK, with the deal valued between $1.5 billion and $2.5 billion. Coinbase is currently seen as the frontrunner. Founded in 2021 and headquartered in London, BVNK provides stablecoin-based solutions for corporate payments, cross-border settlements, and treasury management. https://t.co/AyBO1S7f7i ...