Japan's Three Largest Banks Plan Yen-Denominated Stablecoin Launch Within 2026

MUFG-0.55%
According to Guru Club, Japan's three largest banks—Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group—announced on June 10 plans to jointly issue a yen-denominated stablecoin within 2026. The five participating financial institutions, also including Nomura Securities and Daiwa Securities, will initially apply the stablecoin to equities and investment trust transactions. The banks agreed to establish a steering committee to discuss implementation methods for broader societal use, with plans to gradually expand participation to additional financial institutions. Trustee banks and platform technology providers will be selected at a later date.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments