In a June 2023 interview with Bloomberg Bertil Marx – Binance Japan’s General Manager – disclosed that the notable exchange intended to bankroll a jigsaw of three arresting stablecoins using the now-fashionable trust banking offerings of Mitsubishi UFJ Financial Group (MUFG). Representations of the dollar, euro, and yen will be available to use starting 2024, when businesses will begin to head across the board to conquer one of Japan’s oldest and most occasional acts: the global fixation on cross-border foreign exchange.
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