Three Japanese Megabanks Plan Joint Stablecoin Launch by FY2026
Japan's three largest banks — Mitsubishi UFJ Financial Group (MUFG) Bank, Sumitomo Mitsui Banking Corp., and Mizuho Bank — signed a memorandum of understanding to form a joint council for issuing a yen-backed stablecoin by the end of FY2026. The banks plan to conduct commercial transactions using a
MUFG1.40%
EthanBrooks·06-11 11:33
