Japan’s Largest Banks Plan Joint Stablecoin Launch by March 2027 – Decrypt
In brief Japan’s MUFG Bank, Mizuho Bank, and SMBC have established a council to develop operational frameworks for stablecoin issuance. The banks plan to launch a jointly issued stablecoin by the end of the 2026 fiscal year. The collaboration comes on the heels of a wave of institutional stablecoin activity in Japan since the introduction...
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