Japan2026.10.16NADA News

Three Japanese Megabanks Announce Confirmed Feasibility of Jointly Issuing a Stablecoin

• Participants: Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Trust and Banking Corporation, and IT vendor TIS Inc.
• The proof-of-concept trial focused on the joint issuance of a yen-denominated stablecoin.
• The five parties announced on October 16 that the trial confirmed the feasibility of joint issuance.