<ul><li>Japan’s second-largest bank, Sumitomo Mitsui Financial Group (SMFG), plans to launch a stablecoin platform in collaboration with Ava Labs and Fireblocks.</li><li>The stablecoin platform testing process will begin in the second half of 2025, aiming for a full launch in 2026.</li><li>The Japanese government has been advancing regulations in the stablecoin sector to provide a secure and professional digital currency framework.</li><li>The implementation of stablecoins in Japan is expected to enhance transaction efficiency and reduce costs for businesses and individuals.</li></ul>

Japan’s Second-Largest Bank to Test Stablecoin Platform in 2025

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