Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho—Japan’s three major banks—plan to jointly issue a stablecoin by the end of fiscal year 2026.
Source：
www.nikkei.com
According to the Nikkei, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corporation, and Mizuho Bank plan to jointly issue a fiat-backed stablecoin by fiscal year 2026. The three banks will soon reach a basic agreement and establish a consultation committee to discuss specific operational methods. Previously, since November 2025, the three banks have jointly conducted a proof-of-concept experiment on stablecoin issuance with Japan’s Financial Services Agency (FSA); the consultation committee will further advance practical research by incorporating relevant regulations and market trends.
