Japan’s Megabanks Move Toward Joint Stablecoin Issuance

BTCC / BTCC Square / Global Cryptocurrency /

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2026-06-10 09:05:02

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Japan's three largest banks—MUFG Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank—are advancing plans to jointly issue stablecoins by fiscal year 2026. A dedicated discussion group will evaluate use cases and operational frameworks, with a basic agreement expected imminently.

The initiative marks the first coordinated effort by Japan's systemically important banks to leverage blockchain for digital payments. Pilot tests, conducted since November 2025 with FSA support, signal a shift from experimentation to commercialization.

Reserve structures and target users remain undisclosed, but the involvement of these institutions suggests stablecoins may soon transcend crypto trading and enter mainstream financial services.

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