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Japan Megabanks MUFG, Mizuho, and SMBC Establish Joint Stablecoin Council

By thedefiant.io · · 1 min read
Japan Megabanks MUFG, Mizuho, and SMBC Establish Joint Stablecoin Council

Japan’s three largest banks have formalized their stablecoin ambitions, forming a joint council to govern infrastructure and governance for a yen-denominated stablecoin targeting live transactions by the end of Japan’s fiscal year.

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