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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 Japan's Financial Services Agency to conduct pilot tests of joint stablecoin issuance, and will promote commercialization based on regulatory requirements and market development. (Nikkei News)