Japan’s Megabanks Finish Yen Stablecoin Pilot and Eye Real Transactions
Japan’s three megabanks, Mizuho, MUFG and SMBC, announced on October 16 that they completed a joint yen stablecoin pilot for cross-border payments, conducted in July. The test points to a new model for bank-issued digital money, with real transactions targeted for fiscal 2026. How the Yen Stablecoin Pilot Worked Three major Japanese megabanks and two The post Japan’s Megabanks Finish Yen…
Japan's three megabanks (Mizuho, MUFG, SMBC) announced on October 16 that they completed a joint yen stablecoin pilot for cross-border payments, conducted in July. The banks aim to move to real transactions by fiscal 2026, signaling a new model for bank-issued digital money. A trader would care because successful bank-issued stablecoins could boost institutional adoption of blockchain-based payments and validate stablecoin infrastructure, potentially benefiting the broader crypto ecosystem.
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24M AGOU.Today · Score 45 · via Megabanks, Yen
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1H AGOCrypto Briefing · Score 45 · via megabank, Japan megabank
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