Japan’s Three Megabanks Move Toward Joint Stablecoin Launch as FSA-Backed Pilot Advances to Formal Council Stage

Japan's three megabanks — MUFG, SMBC, and Mizuho — plan to jointly issue a fiat-pegged stablecoin by fiscal year 2026, forming a council to oversee implementation under FSA guidance. The post Japan’s Three Megabanks Move Toward Joint Stablecoin Launch as FSA-Backed Pilot Advances to Formal Council Stage appeared first on Metaverse Post.