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Beam wallet has acquired Join, an app that allows users to shop and pay with stablecoins anywhere. The acquisition allows Beam wallet users to shop online at Amazon and Shopify among other merchants and pay using stablecoins. Beam has announced early access, with roll out expected in February. Eco, the developer of self-custody wallet Beam, has announced its acquisition of Web3 app Join, making it possible for Beam users to shop and pay for purchases online at Amazon and Shopify using stablecoins. According to an announcement the Beam wallet team made on Thursday, the acquisition of Join brings checkout onchain. This facilitates a better shopping experience for users without compromising on the benefits of decentralization, the platform said in a threat on X. 1/ BIG NEWS: we’ve acquired @join to enable shopping online with Stablecoin s. It’s time to bring checkout onchain. No more waiting for the rest of the world to catch up. Want to be the ...

TOKI, a cross-chain bridge provider and partner of Progmat, will be working with Noble, a token issuance protocol, to bring fully collateralized Japanese stablecoins to the Cosmos ecosystem. Progmat is a project launched by Mitsubishi UFJ Trust and Banking (MUFG) — the largest bank in Japan, and has the support of over 200 Japanese companies including major banks such as SMBC and Mizuho. The Japan Exchange Group (JPX) is also involved in the project.  Motoki Yoshida, marketing manager of TOKI, told Blockworks that Progmat is currently building a platform that will enable banks and regulated financial institutions to issue their own stablecoin s. “The basic architecture involves financial institutions interested in issuing stablecoins depositing an equivalent amount of fiat currency with MUFG’s trust bank. Progmat then issues an equivalent amount of stablecoins. The funds in the trust bank are bankruptcy-remote, making this potentially the most secure stablecoin for use on public...