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Japan's three major banks plan to jointly issue stablecoins by 2026
BlockBeats News, June 9th, according to Nikkei News, Japan's three major banks plan to jointly issue a stablecoin pegged to fiat currency within the 2026 fiscal year, and have established a consultation mechanism to promote the design of application and operation methods in real trading scenarios.
Mitsui Sumitomo Bank, Mizuho Bank, and Mitsubishi UFJ Bank are expected to sign a basic agreement soon. Since November 2025, the three banks have been conducting joint pilot experiments under the guidance of the Financial Services Agency (FSA) in Japan, preparing for the joint issuance of stablecoins.
In the future, this consultation committee will combine relevant laws, regulations, and market development trends to continuously promote the practical application and commercialization of stablecoins.