Japan’s Megabanks Plan Joint Stablecoin as Bank-Issued Tokens Go Global
Three of the largest banks in Japan are forming a consortium to issue a jointly operated stablecoin by the end of fiscal year 2026, Nikkei reported, extending a regulatory pilot that has been operating under the Financial Services Agency’s supervision since November 2025. The plan involves Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group...
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