Japan’s Big Banks to Launch Yen-Backed Stablecoin by March 2027
Japan’s three biggest banks are teaming up to launch a yen-backed stablecoin by March 2027, turning digital yen from a crypto talking point into bank-grade payment infrastructure. MUFG, Mizuho, and SMBC are co-developing the token. Launch target: end of Japan’s fiscal year 2026, or March 2027. Not a pilot: the banks say this is shared […]
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