Japan's Three Major Banks Complete Yen Stablecoin Pilot
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4 Articles
Mizuho, Mitsubishi UFJ and Sumitomo Mitsui participated in a joint test of a yen stablecoin for cross-border payments. The trial, supported by the Japan Financial Services Agency, examined from issuance to reimbursement, although the announcement does not detail amounts or quantitative results.
Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking, together with Mitsubishi UFJ Trust and Banking and system integrator TISI, are developing a yen (Japan's national currency) based stablecoin...
Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Trust and Banking Corporation, and system vendor TISI announced on October 16th that they will conduct a proof-of-concept experiment regarding the joint issuance of yen-denominated stablecoins... The post Three megabanks announce confirmation of feasibility of joint stablecoin issuance first appeared on NADA NEWS.
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