Stablecoin News: Japan's Top Banks Plan Joint Stablecoin Launch, Nikkei Reports

Japan's Top Banks to Jointly Issue Stablecoin, Nikkei Says

Japan's banking titans join forces for planned stablecoin launch - report (MUFG:NYSE)

Japanese banking giants Mitsubishi UFJ Financial Group (MUFG) (MBFJF), Sumitomo Mitsui Financial Group (SMFG) (SMFNF) and Mizuho Financial Group (MFG) (MZHOF) are looking to jointly issue a stablecoin, according to a Friday media report.

Stablecoin News: Japan's Top Banks Plan Joint Stablecoin Launch, Nikkei Reports

Japan's Mitsubishi UFJ, Sumitomo Mitsui and Mizuho Financial Groups aim to create a shared framework for stablecoin issuance and transfer, the Nikkei reported.

Major Japanese Banks Plan Joint Stablecoin Rollout By Year-End – Report

Amid the global push for stablecoin adoption, recent reports claim that three major Japanese banks are preparing to issue a yen-pegged token for global settlements before the end of the year. Related Reading: Trump Family’s Crypto Fortune Soars To $1B, Eric Trump Says ‘Probably More’ – Report Japanese Megabanks To Rollout Stablecoin This Year On […]

Japanese Banks Plan Stablecoin Rollout By Year-End – Report

Amid the global push for stablecoin adoption, recent reports claim that three major Japanese banks are preparing to issue a yen-pegged token for global settlements before the end of the year. Japanese Megabanks To Rollout Stablecoin This Year On Friday, news media outlet Nikkei Asia reported that Mitsubishi UFJ Financial Group (MUFG) Bank, Sumitomo Mitsui Banking Corp., and Mizuho Bank are preparing to jointly launch a stablecoin “to promote set…

Japan's Top Banks Plan Joint Stablecoin Launch, Nikkei Reports

The post Japan’s Top Banks Plan Joint Stablecoin Launch, Nikkei Reports appeared on BitcoinEthereumNews.com. Japan’s three largest banking groups are reportedly planning to jointly launch a stablecoin as institutional interest in blockchain-based digital money grows. According to a Friday report from the Nikkei, Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group and Mizuho Financial Group will create a shared framework for is…