Defi
Japan's Three Megabanks Complete Yen Stablecoin Pilot Targeting Fiscal 2026 Launch
COINOTAG·October 16, 2026·1 min read
Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking, together with Mitsubishi UFJ Trust and Banking and system integrator TISI, announced on Oct. 16 that a joint proof of concept on yen-denominated stablecoins has been completed. The three megabanks are targeting a fiscal 2026 launch for the yen stablecoin.
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