Japan’s Mega Banks Conclude Successful Yen Stablecoin Trial

Japan’s leading megabanks—MUFG, Mizuho, and SMBC—have announced the successful completion of the first collaborative phase of their yen stablecoin trials, conducted in partnership with Mitsubishi UFJ Trust and TISI. The pilot aimed at exploring the efficacy of stablecoins in cross-border settlements was a success, signaling a significant step in the integration of digital currency solutions […]

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