MUFG, SMBC and Mizuho will establish a council to explore operational frameworks and prepare for the issuance of stablecoins.

TOKYO, June 10 : Japan's three largest banks said on Wednesday they will jointly issue stablecoins during the current fiscal year ending in March 2027, a sign of growing momentum…

Japan's banking giants plan to issue a fiat-pegged stablecoin by fiscal 2026, with regulators and industry partners exploring operational.