Odaily News Mitsubishi UFJ Trust Bank has cooperated with Web3 company Ginco and others to build an international payment system for crypto asset (virtual currency) companies that use stable coins, using the Progmat platform for issuance. And recently issued an official press release, the name of the Japanese yen-denominated stable currency is XJPY, and the name of the U.S. dollar-denominated stable currency is XUSD. Mitsubishi said that in the future, the two parties will cooperate to study the issuance of cross-industry stable coins, aiming to improve the efficiency of fund settlement between virtual currency transaction providers. Progma was originally a digital asset platform developed by Mitsubishi UFJ Trust Bank, but in September this year it was officially announced that it would be spun off into an independent company. Eight companies, including NTT Data and SBI PTS Holdings, have signed shareholder agreements.