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Japan’s top banks to jointly issue stablecoin, Nikkei says

Japan’s three largest banks, Mitsubishi UFJ Financial Group , Sumitomo Mitsui Financial Group and Mizuho Financial Group , will jointly issue “stablecoins”, digital currencies pegged to the value of real-world currencies, the Nikkei business daily reported on Friday.

TOKYO, Oct 17 (Reuters) – Japan’s three largest banks, Mitsubishi UFJ Financial Group (8306.T), opens new tab, Sumitomo Mitsui Financial Group (8316.T), opens new tab and Mizuho Financial Group (8411.T), opens new tab, will jointly issue “stablecoins… [427 chars]

Source: Reuters | Published: 2025-10-17T09:39:18Z

Credit: Reuters

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