Japan’s Megabanks Plan Joint Stablecoin as Bank-Issued Tokens Go Global

BeInCrypto Editorial

(11:30 PM UTC)

1 min read

Three of the largest banks in Japan are forming a consortium to issue a jointly operated stablecoin by the end of fiscal year 2026, Nikkei reported, extending a regulatory pilot that has been operating under the Financial Services Agency’s supervision since November 2025.

The plan involves Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMFG), and Mizuho Financial Group.…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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