Three of Japan’s top banks have joined forces to issue a Yen-backed stablecoin in 2026

11 Jun 2026 - 08:25
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MUFG, Mizuho and Sumitomo Mitsui Bank aim to conduct actual commercial transactions during fiscal year 2026 using a stablecoin under which the they will act as joint settlors and a trust bank or similar institution will act as trustee. As part of this initiative, the banks have signed an MoU to establish a voluntary council […]

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