The Mitsubishi UFJ Financial Group (MUFG) has announced that it will put its native digital currency and stablecoin MUFG Coin into practical usage by the end of 2019, according to Cointelegraph Japan. The rollout was first disclosed to national newspaper Asahi Shimbun by new president Kanetsugu Mike. The largest bank in Japan is also the fifth largest in the world, and is now going to be the first in Japan to issue a digital asset and currency. MUFG Coin will be a blockchain-based stablecoin pegged at parity to the Japanese yen (JPY). Its obvious focus will be as a functional currency, with bank account holders able ... (full story)