Japan’s Top 3 Banks Led By MUFG Unite to Unveil Local Stablecoin
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- Japan’s three largest banks are exploring a shared stablecoin pegged to the Yen.
- MFUG, Sumitomo Mitsui, and Mizuho plan to enter the stablecoins market amid regulatory clarity.
- Details on the Yen-pegged stablecoin have not been officially released but it is expected to be interoperable.
Japan’s top three banks have united to launch a Yen-pegged stablecoin. A Friday report from Nikkei revealed that Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group, and Mizuho Financial Group are planning to launch a stablecoin pegged to the Japanese Yen to modernize their payment system.
Key Details of the Stablecoin To Be Issued By MUFG
According to the report, the joint venture to launch a Yen-pegged stablecoin is geared towards enhancing value transfer between their corporate clients. The joint venture will also potentially launch a U.S. dollar pegged …
Read The Full Article Japan’s Top 3 Banks Led By MUFG Unite to Unveil Local Stablecoin On Coin Edition.
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$ 0.0824
+1.90%
$ 0.000207
$ 0.735
$ 0.0000967
$ 0.00...161
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In This News
Coins
$ 0.0824
+1.90%$ 0.000207
$ 0.735
$ 0.0000967
$ 0.00...161
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Japan’s Top 3 Banks Led By MUFG Unite to Unveil Local Stablecoin
Share:
- Japan’s three largest banks are exploring a shared stablecoin pegged to the Yen.
- MFUG, Sumitomo Mitsui, and Mizuho plan to enter the stablecoins market amid regulatory clarity.
- Details on the Yen-pegged stablecoin have not been officially released but it is expected to be interoperable.
Japan’s top three banks have united to launch a Yen-pegged stablecoin. A Friday report from Nikkei revealed that Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group, and Mizuho Financial Group are planning to launch a stablecoin pegged to the Japanese Yen to modernize their payment system.
Key Details of the Stablecoin To Be Issued By MUFG
According to the report, the joint venture to launch a Yen-pegged stablecoin is geared towards enhancing value transfer between their corporate clients. The joint venture will also potentially launch a U.S. dollar pegged …
Read The Full Article Japan’s Top 3 Banks Led By MUFG Unite to Unveil Local Stablecoin On Coin Edition.
In This News
Coins
$ 0.0824
+1.90%$ 0.000207
$ 0.735
$ 0.0000967
$ 0.00...161
Share:
In This News
Coins
$ 0.0824
+1.90%$ 0.000207
$ 0.735
$ 0.0000967
$ 0.00...161
Share:
Read More
Malaysia to Pilot Ringgit Stablecoins, Tokenised Deposits in 2026