Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank plan to jointly issue fiat-backed stablecoins within the 2026 fiscal year. The three banks will establish a dedicated consultation agency to study operational models and practical application plans. Since November 2025, the three major banks have been collaborating with the Financial Services Agency of Japan to conduct pilot tests of joint stablecoin issuance, and will promote commercialization based on regulatory requirements and market development. (Nikkei News)

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MoonlightShellPool
· 11h ago
The three major banks teaming up to roll out a stablecoin is a rare sight in Japan’s financial history. If it goes live in 2026, we need to closely watch how the regulatory details are defined.
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ForkliftFaye
· 11h ago
Mizuho + Mitsubishi UFJ + Sumitomo Mitsui, this combination essentially accounts for half of Japan's banking industry, and the stablecoin landscape is about to change.
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NonceNinja
· 11h ago
Traditional banks are finally stepping in, but will joint issuance be too inefficient? How to balance each party's interests is the key point.
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