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#Mizuho <t-49/>#materials
Applied Materials was upgraded to "Outperform" from "Neutral" by Mizuho on Wednesday, as the firm pointed to a sharp recovery in capital spending on semiconductors and improved demand across foundry and logic customers.
Analyst Vijay Rakesh raised the price target for the stock to $370 from $275, stating that the company is poised to benefit from a "significant acceleration" in spending on wafer fab equipment (WFE) through 2027.

Japan’s financial giants — Mitsubishi UFJ (MUFG), Sumitomo Mitsui, and Mizuho — are joining forces to introduce the nation’s first cross-currency stablecoin, a blockchain-based digital asset pegged to fiat currencies such as the US Dollar (USD) and the Japanese Yen (JPY).

According to Nikkei, the stablecoin will initially be tested by Mitsubishi Corporation, marking a key milestone for Japan’s digital payments sector. The pilot aims to simplify cross-border transactions, reduce settlement time, and cut costs. Following the initial phase, the platform will be expanded to over 300,000 corporate partners connected to the participating banks.

🔗 Stablecoin Design and Use Cases

These new fiat-backed stablecoins will maintain value through reserves held in cash and other safe assets such as gold. Unlike volatile cryptocurrencies, they are intended for daily business transactions, cross-border settlements, and corporate treasury operations.

The move follows recent regulatory changes in Japan that legalize Yen-backed stablecoins, paving the way for financial institutions to issue compliant, blockchain-based payment tokens.

💴 Growing Momentum for Tokenized Assets in Japan

Japan’s banking sector has shown rising interest in tokenized deposits and digital currency ecosystems:

Post Bank recently announced its DCJPY rollout, set for 2026.

SBI Holdings, a close partner of Ripple, plans to launch RLUSD, an institutional-grade stablecoin on the XRP Ledger, also targeting 2026.


These developments highlight Japan’s accelerating shift toward digital asset adoption and blockchain integration in traditional finance.

🌍 The Global Context

Stablecoins like Tether (USDT) and Circle’s USDC currently dominate the $312 billion global stablecoin market, serving as critical infrastructure for crypto trading, remittances, and decentralized finance (DeFi). Japan’s entry into the cross-currency stablecoin space represents a strategic step to modernize payment systems and enhance the country’s competitiveness in digital finance.

With MUFG, Sumitomo Mitsui, and Mizuho leading the charge, Japan is poised to redefine how real-world assets and digital currencies coexist — creating a more efficient, borderless, and compliant financial economy
#Japan #Stablecoin #MUFG #SumitomoMitsui #Mizuho #USDC#YEN #RWA #Ripple #BlockchainFinance #CryptoNews

Three of Japan’s largest financial institutions — MUFG, Sumitomo Mitsui, and Mizuho — are joining forces to roll out the nation’s first cross-currency stablecoin, pegged to both the Japanese Yen (JPY) and the U.S. Dollar (USD).
According to Nikkei, the initiative aims to simplify cross-border settlements and corporate payments using blockchain technology. Mitsubishi Corporation will be the first to pilot the stablecoin for international transactions before the platform expands to more than 300,000 corporate clients.
These asset-backed stablecoins will maintain value through reserves like cash or gold, ensuring stability for global transactions. Japan’s regulators are also paving the way for Yen-backed stablecoins, which could transform business payments and remittance flows in the country.
The move highlights Japan’s growing embrace of digital finance, following Japan Post Bank’s DCJPY project and Ripple’s partner SBI exploring the launch of RLUSD on the XRP Ledger by 2026.
With stablecoins like USDT and USDC already representing a $312 billion market, Japan’s entry into the cross-currency stablecoin space could mark a major milestone in Asia’s crypto-driven financial evolution. 🌏

#CryptoNews #Stablecoin #Japan #MUFG #Mizuho