Sumitomo Mitsui Plans Stablecoin With Ava Labs and Fireblocks

According to a report by Nikkei, SMFG, which operates Japan’s second-largest bank, SMBC, is partnering with Ava Labs and Fireblocks to develop a new stablecoin. The stablecoin project aims to make cross-border payments faster and cheaper. source: https://www.altcoinbuzz.io/cryptocurrency-news/sumitomo-mitsui-plans-stablecoin-with-ava-labs-and-fireblocks/