Japan’s megabanks to issue stablecoins for business use: Nikkei
Crypto Briefing
Japan's major banks, including MUFG, SMBC, and Mizuho, plan to issue stablecoins for commercial transactions.Summary
Japan's megabanks—MUFG, SMBC, and Mizuho—are preparing to issue stablecoins specifically for business transactions as part of efforts to modernize payment systems using blockchain technology. MUFG is advancing its Web3 strategy through collaborations with firms like Nomura, SBI, SoftBank, and Ripple Japan on tokenized assets. Meanwhile, SMBC is partnering with blockchain companies such as Ava Labs and Fireblocks to build regulated infrastructure capable of facilitating compliant commercial digital payments.
(Source：Crypto Briefing)