Gen Wu said that according to ledrinsights, Japan’s largest bank MUFG announced that its Progmat Coin solution will issue local bank-supported stablecoins on multiple public chains, including Ethereum, Avalanche, Cosmos and Polygon. This work is in its early stages, so no timetable for release has been set. https://ledgerinsights.com/mufg-bank-backed-stablecoin-public-blockchains/