Japan’s Three Megabanks Unite for Stablecoin Launch by FY2026 in Crypto Push
Mitsubishi UFJ, Sumitomo Mitsui and Mizuho plan a fiat-backed stablecoin by FY2026 after an FSA pilot and consortium setup. Japan’s three megabanks are moving toward a joint stablecoin launch by fiscal 2026, according to Nikkei. Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho plan to issue a fiat-backed token together. The plan follows a pilot with Japan’s...
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