According to Coinjie.com, on April 2, Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Bank (SMBC), TIS, Ava Labs and Fireblocks have signed a memorandum of understanding to jointly discuss the future commercialization and application of stablecoins. According to the agreement, all parties will cooperate to develop a framework for issuing and circulation of stablecoin, focusing on researching technology, regulatory and market infrastructure needs. This discussion is not limited to pilot projects, but will also clarify the specific usage scenarios of stablecoins in commercial applications. In addition, the cooperation will explore the potential applications of stablecoins as settlement tools, including the settlement of tokenized financial assets and actual assets (such as government and corporate bonds, real estate).