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Japan's Megabanks Plan a Joint Yen Stablecoin CoinDesk Daily artwork
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Japan's Megabanks Plan a Joint Yen Stablecoin CoinDesk Daily

Late Confirmation by CoinDesk by CoinDesk

Jun 10, 20261:23Business

A Yen stablecoin from the mega banks? Japan's three largest banks, MUFG, Mizuho, and SMBC, are planning to jointly issue a yen-backed stablecoin by March 2027, with backing from Japan's Financial Services Agency. Yen tok...

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Japan's Megabanks Plan a Joint Yen Stablecoin CoinDesk Daily is an episode from Late Confirmation by CoinDesk by CoinDesk. A Yen stablecoin from the mega banks? Japan's three largest banks, MUFG, Mizuho, and SMBC, are planning to jointly is...

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Published Jun 10, 2026, 1:23 long, audio available.

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