Japan’s three megabanks complete joint test of yen stablecoin for cross-border payments

🇯🇵 Japan’s top 3 banks have completed a successful test of a yen-pegged stablecoin for cross-border payments.
🏦 The stablecoin aims to speed up and cut costs in international transactions between Mitsubishi Corporation’s operations.
💡 Mizuho Bank, MUFG, and SMBC could launch the new payment system in fiscal 2026, marking major progress in $JPY digitalization.

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