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Japan's Largest Banks Plan Joint Stablecoin Launch by March 2027
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Decrypt Editorial(09:19 AM UTC)
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- Japan’s MUFG Bank, Mizuho Bank, and SMBC have established a council to develop operational frameworks for stablecoin issuance.
- The banks plan to launch a jointly issued stablecoin by the end of the 2026 fiscal year.
- The collaboration comes on the heels of a wave of institutional stablecoin activity in Japan since the introduction of a licensing regime in 2023.
Japan's three largest…
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