The initiative was conducted with the support of the Financial Services Agency. By using stablecoins for corporate settlements, the participating banks aim to reduce reliance on traditional banking intermediaries and modernize the infrastructure for large scale global trade.
Tuesday, October 20, 2026
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Japan's 3 Largest Banks Complete First Joint Yen Stablecoin Pilot
Crypto5 days ago
The nation's leading financial institutions finished a trial using digital currency for international transfers to Mitsubishi Corporation. Mizuho, MUFG and SMBC utilized a yen stablecoin to execute payments across borders, marking the initial collaborative test of this technology among the country's top lenders.
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