Japan’s Megabanks Plan Joint Stablecoin as Bank-Issued Tokens Go Global
Three of the most important banks in Japan are forming a consortium to situation a collectively operated stablecoin by the tip of fiscal 12 months 2026, Nikkei reported, extending a regulatory pilot that has been working underneath the Financial Services Agency’s supervision since November 2025. The plan includes Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui…
