Japan’s largest lenders, MUFG Bank, Sumitomo Mitsui Banking Corp, and Mizuho Bank, are preparing to jointly issue a stablecoin, the Nikkei business daily reported.
Japan’s Top Banks Plan Joint Stablecoin Initiative to Boost Digital Finance: Nikkei
20 October 2025 - 18:00 CEST
The banks aim to set up a common system for issuing and exchanging stablecoins among corporate clients, initially pegged to the yen and potentially the US dollar in later phases.
