Japan's three largest banks aim for joint stablecoin issue by March
Japan's three largest banks—MUFG, SMBC, and Mizuho—plan to jointly issue a yen-based stablecoin by March 2027. The initiative is supported by the Financial Services Agency and aims to increase the presence of yen-pegged tokens in the global market.
Why it matters
The entry of major traditional financial institutions into the stablecoin market signals a significant shift toward institutional adoption of blockchain-based finance.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Japan s three largest banks aim for joint stablecoin issue by March MUFG, SMBC and Mizuho will establish a council to explore operational frameworks and prepare for the issuance of stablecoins. By Jamie Crawley | Edited by Sheldon Reback Jun 10, 2026, 9:01 a.m. 1 min read Make preferred on (Roméo A./Unsplash) What to know : Japan s largest banks said they will issue jointly issue a stablecoin by March 2027. MUFG, SMBC and Mizuho will establish a council to explore operational frameworks and prepare for the issuance of stablecoins.
The article reports on corporate and regulatory developments in the crypto space with a neutral, informative tone.
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