Japanese Megabanks Secure Approval for Joint Stablecoin Project
Japanese Megabanks Secure Approval for Joint Stablecoin Project
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Japan's three largest banking groups – Mitsubishi UFJ, Mizuho, and Sumitomo Mitsui – have received official approval from the Financial Services Agency (FSA) to launch a joint stablecoin issuance and cross-border payments initiative.
Japan's three largest banking groups have received the greenlight from the FSA for a stablecoin issuance and cross-border payments project. Mitsubishi UFJ, Mizuho, & Sumitomo Mitsui To Jointly Issue Stablecoins As announced in a press release by MUFG bank, its banking group, along with two other major financial institutions, has just received approval from Japan's [...]