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Japan's Largest Banks Plan Joint Stablecoin Launch by March 2027

Megabanks MUFG Bank, Mizuho Bank and SMBC have formed a council to develop frameworks for jointly issuing a stablecoin in fiscal year 2026.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Japan's Largest Banks Plan Joint Stablecoin Launch by March 2027
Megabanks MUFG Bank, Mizuho Bank and SMBC have formed a council to develop frameworks for jointly issuing a stablecoin in fiscal year 2026.

Why this matters

This maps to the Stablecoins hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.

Original source

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