Progmat, DMM partner to introduce stablecoin for Seamoon Protocol
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 23 2024Collaboration for Stablecoin Development: Japanese stablecoin platform Progmat and DMM.com are collaborating to develop a stablecoin for the Seamoon Protocol, aimed at enhancing financial stability within DMM's ecosystem, with a phased introduction planned alongside existing payment methods.
Regulatory Compliance and Future Plans: The project will adhere to Japan's Payment Services Act, which has relaxed restrictions on stablecoin issuance, and aims to integrate the stablecoin into various DMM services and gaming platforms by 2024.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
