News Explorer — Japan's Three Largest Banks Plan Stablecoin Pilot for 2026 Launch

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Nov 7, 12:55 pm

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Japan's Three Largest Banks Plan Stablecoin Pilot for 2026 Launch

Japan's financial regulator has approved a stablecoin pilot involving the country's three largest banks: MUFG Bank, Sumitomo Mitsui Banking Corp., and Mizuho Bank. The banks plan to issue yen-pegged stablecoins for intracompany and intercompany payments, with a potential dollar-pegged stablecoin in the future.

Japan's financial regulator has approved a stablecoin pilot involving the country's three largest banks: MUFG Bank, Sumitomo Mitsui Banking Corp., and Mizuho Bank. The banks plan to issue yen-pegged stablecoins for intracompany and intercompany payments, with a potential dollar-pegged stablecoin in the future.

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