Japan’s 3 megabanks, including Mitsubishi UFJ, Mizuho, and Sumitomo Mitsui, are advancing their journey into the rapidly growing blockchain-based finance. In this respect, these banks are planning to launch a combined fiat-backed stablecoin project during the financial year 2026. As per the local reports, the initiative underscores one of the key institutional steps taken toward the regulated adoption of the crypto market across Japan. Particularly, the development includes the establishment of an inclusive model that backs real-world transfers through bank-issued stablecoins. Mitsubishi UFJ, Mizuho, and Sumitomo ... (full story)