According to Blockworks reports, TOKI, a cross-chain bridge supporting IBC, will cooperate with Noble, the Cosmos ecological application chain, and Progmat, a stablecoin platform under Japan's largest financial group Mitsubishi UFJ Financial Group (MUFG), to introduce fully mortgaged Japanese yen stablecoins into the Cosmos ecosystem. . Foresight News previously reported that on June 2, TOKI tweeted that it had partnered with Progmat and blockchain interoperability startup Datachain to introduce the Japanese yen stablecoin to the public blockchain. Progmat plans to issue Japanese yen stablecoins on multiple blockchain networks in the second quarter of 2024. At that time, users can conduct cross-chain transactions such as cross-chain swaps, cross-chain payments, and cross-chain lending.