Japan's largest banks plan to jointly issue stablecoins by March 2027

Japan's Largest Banks Plan Joint Stablecoin Launch by March 2027 - Decrypt

Japan's three megabanks (MUFG, Mizuho, SMBC) launch a jointly issued yen stablecoin by March 2027. The institutional settlement infrastructure signals mainstream blockchain adoption and establishes enterprise cross-border payment rails under FSA oversight.