<ul><li>Partnering with Progmat, DMM plans a stablecoin under Japan’s new digital asset laws.</li><li>The new stablecoin will support Seamoon Protocol’s treasury and digital payments.</li><li>DMM&#39;s stablecoin launch sets the stage for competition with Ripple’s RLUSD in Japan.</li></ul>As Ripple Labs prepares to launch its dollar-pegged stablecoin RLUSD, Japan’s DMM Group is stepping into the spotlight with its own stablecoin initiative. In partnership with Progmat Inc., DMM Group <a href="https://seamoon.dmm.com/en/news/237100/" rel="noopener noreferrer nofollow">plans</a> to debut a stablecoin under Japan’s newly established digital asset regulations. The Japanese parliament introduced these regulations in June 2023.Stablecoin to Support Seamoon Protocol’s TreasuryThe upcoming stablecoin, yet to be named, will be minted on Progmat Coin’s platform and comply with Japan’s stringent stablecoin issuance and management laws. Once launched, this stablecoin will serve as a reserve currency, providing stability for Seamoon Protocol&#39;s treasury pool. This soon-to-be-released digital asset will be a primary payment method within DMM’s extensive portfolio of companies.DMM&#39;s Flexible Payment EcosystemThe platform would also allow users to transact with fiat currencies and credit cards, offering a flexible and inclusive payment ecosystem. This diversified payment strategy aligns with DMM’s vision to create a global community platform that blends cultural experiences with cutting-edge financial technology.<a href="https://cryptotale.org/japans-dmm-to-launch-stablecoin-rivals-ripples-rlusd/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Japan’s DMM to Launch Stablecoin, Rivals Ripple's RLUSD

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