Largest Bank of Japan to Create Own Stablecoin

Mitsubishi UFJ Financial Group's stablecoin will tied 1:1 to Japanese yen and users will be able to exchange fiat for MUFG Coin instantly through the app
10 April 2019   867

The fifth largest in the world and the largest bank in Japan, Mitsubishi UFJ Financial Group (MUFG), announced plans to launch its own cryptocurrency by the end of this year. Thus, MUFG will be the first Japanese bank to issue its own stablecoin, according to Cointelegraph.

The coin will be tied to 1: 1 Japanese yen. The main focus of the developers made on the practical use of cryptocurrency and its functionality - users can exchange Fiat for MUFG Coin instantly through the application.

It is also reported that about 1,500 bank employees have already taken part in testing the new cryptocurrency. The beginning of the pilot tests of the coin became known in 2017, but then it was positioned as a digital currency for the company's internal operations.

In February MUFG announced the launch of the payment blockchain platform Global Open Network

Brave Allows to Buy Crypto at Binance Inside the App

Now a widget on the tabs in the Brave browser gives users direct access to both the Binance US
25 March 2020   1024

Decentralized browser Brave announced a partnership with the cryptocurrency exchange Binance. Now, Brave users will be able to buy cryptocurrencies on Binance simply by opening a new tab in the browser.

A widget has appeared on the tabs in the Brave browser, which gives users direct access to both the Binance main site and the site of the American division of the exchange. Users will be able to exchange cryptocurrencies, view their balance and receive addresses for depositing cryptocurrencies directly in the browser. At the same time, developers left the option to disable the widget in the settings.

The developers emphasized that the widget uses the Binance API and does not download any data from the exchange servers, so that user data is protected. The new feature is available in the desktop version of Brave Nightly, and in the main version of the program it will appear in April.

The Binance widget on Brave’s privacy-oriented browser instills a safer way to buy and sell crypto and also reduces user friction to onboard, trade and interact with the Binance ecosystem. We are looking forward to our long-term partnership with Brave to make it even easier to interact with crypto and encourage more utility in the near future.

 

Changpeng Zhao

CEO, Binance