Japan’s Big Three Banking Titans Unite to Launch Yen-Pegged Stablecoin

Three of Japan’s largest banks—Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMFG), and Mizuho Financial Group—are joining forces to contented a stablecoin pegged to the Japanese yen, according to an exclusive published by Nikkei Asia. Japan’s Top Banks Plan Stablecoin to Digitize Corporate Settlements The Nikkei Asia study notes that the trio’s inaugural […]