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Japan’s three largest banks: #MUFG , #SMBC , and #Mizuho - are reportedly planning to launch a joint fiat-backed stablecoin by #FY2026
The initiative follows a pilot conducted with Japan’s Financial Services Agency and could mark a major step toward bank-issued digital currencies in one of the world's largest financial markets.
The initiative follows a pilot conducted with Japan’s Financial Services Agency and could mark a major step toward bank-issued digital currencies in one of the world's largest financial markets.
Japan Megabanks Launch Joint Stablecoin by 2026, Challenging USDT/USDC
Three Japanese financial titans – MUFG, SMFG, and Mizuho – are teaming up to launch a jointly operated stablecoin. This isn't some retail fantasy; they're targeting corporate clients first, leveraging their massive enterprise customer base. Expect a yen-pegged token by the end of fiscal year 2026, with a dollar version to follow, all running on MUFG's Progmat DLT platform.
#stablecoin #yen #jpy #mufg #smfg
Three Japanese financial titans – MUFG, SMFG, and Mizuho – are teaming up to launch a jointly operated stablecoin. This isn't some retail fantasy; they're targeting corporate clients first, leveraging their massive enterprise customer base. Expect a yen-pegged token by the end of fiscal year 2026, with a dollar version to follow, all running on MUFG's Progmat DLT platform.
#stablecoin #yen #jpy #mufg #smfg
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