DMM Group and Progmat announced the launch of a joint study on the issuance of stablecoins that comply with the revised Fund Settlement Act. They plan to use the stablecoin in the digital economic circle "Seamoon Protocol" envisioned by DMM Group to promote the expansion of the token economic circle and the increase in the value of SMP.
The utilization plan of stablecoins is divided into three stages, including price stabilization, economic circle development, and expansion of usage scenarios. It is expected to be issued in 2024, and will begin issuance and verification on the test network. (Coinpost)