Japan’s Largest Banks Plan Stablecoin Launch
Japan’s three largest banks plan to begin conducting live commercial transactions using a jointly issued stablecoin during fiscal year 2026. MUFG Bank, | Bitget crypto news!
➤ Japan's three largest banks (MUFG, Mizuho, SMBC) plan to launch a jointly issued stablecoin for commercial transactions by fiscal year 2026. ➤ They have signed an MoU to establish a council for developing the stablecoin's operating model, governance, and infrastructure, utilizing a trust structure. ➤ This initiative aligns with Japan's growing interest in blockchain for payments and recent regulatory developments in the digital asset sector.

















