Japan’s Megabanks Finish Yen Stablecoin Pilot and Eye Real Transactions

Japan’s three megabanks, Mizuho, MUFG and SMBC, announced on October 16 that they completed a joint yen stablecoin pilot for cross-border payments, conducted in July. The test points to a new model for bank-issued digital money, with real transactions targeted for fiscal 2026. How the Yen Stablecoin Pilot Worked Three major Japanese megabanks and two The post Japan’s Megabanks Finish Yen Stablecoin Pilot and Eye Real Transactions appeared first on BeInCrypto.