Japan’s Three Megabanks Move Toward Joint Stablecoin Launch as FSA-Backed Pilot Advances to Formal Council Stage
Japan’s three largest monetary establishments — Mitsubishi UFJ Bank (MUFG), Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank — are getting ready to attain a primary settlement on the joint issuance of a fiat-pegged stablecoin and are set to set up a devoted council to govern its operational rollout forward of fiscal 12 months 2026. …
