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Japan's three largest banks aim for joint stablecoin issue by March

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June 10, 2026
Japan's three largest banks aim for joint stablecoin issue by March
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MUFG, SMBC and Mizuho will establish a council to explore operational frameworks and prepare for the issuance of stablecoins.

Jun 10, 2026, 9:01 a.m. 1 min read

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Japan flag in front of a building (Roméo A./Unsplash)
(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.

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