Sumitomo Mitsui Financial Group, the second largest bank in Japan, plans to collaborate with Ava Labs and Fireblocks to launch a stablecoin. The team behind Avalanche, Ava Labs, plans to use blockchain technology to establish the "foundation" for stablecoins, while the cryptocurrency security company Fireblocks will develop a management system for the tokens. The bank plans to collaborate with local IT company TIS to conduct experiments on the project in the second half of 2025 and may issue stablecoins next year. （The Block） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=40358