Robinhood stands to gain more from prediction markets than Coinbase as users plan to deploy fresh capital rather than sell existing crypto, the bank said.
Japan's financial regulator, FSA, said the venture will see MUFG, SMBC and Mizuho explore the joint issuance of a stablecoin as an electronic payment instrument.
Visa’s growing stablecoin network positions it as the key infrastructure player in blockchain payments, while individual tokens risk becoming commoditized assets.
Japan’s MUFG, SMBC and Mizuho plan to jointly issue yen and dollar-pegged stablecoins in a push to standardize corporate onchain payments.