<ul><li>Japanese banking and financial services conglomerate SMBC, along with TIS Inc, Ava Labs, and Fireblocks, have signed a MoU to explore a framework for stablecoins in Japan.</li><li>The focus will be on developing strategies for stablecoins pegged to the US dollar and Japanese yen, as well as exploring stablecoins as a settlement mechanism for tokenized real-world assets.</li><li>Stablecoins have gained significant attention from regulatory frameworks and venture capitalists, and are a key element of US digital asset policy.</li><li>Stablecoin issuers like Tether and Circle are significant buyers of US Treasury bills, accumulating yield from holding US debt instruments as part of their profit from issuing tokenized fiat assets.</li></ul>

SMBC, Ava Labs, Fireblocks sign MoU for stablecoin framework in Japan

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