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Japan’s Megabanks Launch Stablecoins to Power Global Corporate Payments

Japan’s Megabanks Launch Stablecoins to Power Global Corporate Payments

Author:

Global Cryptocurrency

Published:

2025-10-18 14:58:01

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Japan's financial giants—MUFG, Mizuho, and SMBC—are rolling out yen and dollar-denominated stablecoins tailored for corporate crypto transactions. The initiative, hosted on the Progmat Coin platform, targets over 300,000 businesses, marking a pivotal moment in institutional blockchain adoption.

The Progmat system will standardize cross-border settlements, beginning with a yen-pegged pilot. A dollar-backed variant may follow, reflecting growing demand for tokenized fiat rails. This MOVE signals Japan's strategic positioning at the intersection of traditional finance and digital assets.

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