Japan's largest banks to jointly issue stablecoins by March 2027 - Reuters

<a href="https://news.google.com/rss/articles/CBMiswFBVV95cUxQd0lWS2Zhd2JHMWdMMGZZblBmcVpXdmFvNUp3dF80T1hnWG5SQ0RNVlJRRDRFTGZ4ZjdyY1Q4ZF9rWWlpeVlYelQwUk4zVzFTRE1jYzV3dFA1Y2hhRExBc1hPOEFVT3cxbDBJeTVYLWViSGhpUVk3VHk4TS1EZk1aalNuaXNzdV9heVV1Uk9ybjhJaUFVckRlNkR5NVgxN2ctS0NneHE5aE5aOGp2T0loSVhSRQ?oc=5" target="_blank">Japan's largest banks to jointly issue stablecoins by March 2027</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Japan's three largest banks—Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group—announced plans to jointly issue stablecoins during the current fiscal year ending in March 2027, aiming to enhance digital payment systems in the country.

The banking arms of Japan's three largest financial groups—Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group—will establish a council to examine operational frameworks and prepare for the issuance of stablecoins by March 2027.

Japan's three largest banks—Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group—have announced plans to jointly issue stablecoins during the current fiscal year ending in March 2027, signaling a move towards digital payments in a country where cash and credit cards remain prevalent.

The banking arms of Japan's three largest financial groups—Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group—will set up a council to examine operational frameworks and prepare for the issuance of stablecoins by March 2027.

Japan's three largest banks—MUFG Bank, Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank—are planning to co-issue a stablecoin pegged to the Japanese yen before the end of fiscal year 2026, with backing from Japan’s financial regulator.