Japan’s MUFG Bank Unveils 2025 Stablecoin Revolution: ‘Project Pax’!

In a recent announcement, Japan’s three megabanks—MUFG, SMBC, and Mizuho—are launching a pilot program for a cross-border stablecoin transfer platform called “Project Pax.” The initiative aims to improve the speed and efficiency of international business settlements. The trial will be run in collaboration with blockchain firms Progmat, Datachain, and TOKI, with the potential for more … source: https://coinpedia.org/news/japans-mufg-bank-unveils-2025-stablecoin-revolution-project-pax/