Japanese Megabanks Unveil Plans for Joint Stablecoin Initiative
Japanese Megabanks Unveil Plans for Joint Stablecoin Initiative
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Japanese financial giants MUFG, SMBC, and Mizuho are collaboratively establishing a stablecoin consortium. This move places them in the growing global competition for bank-issued digital tokens, alongside other major players like JPMorgan and SoFi, as the adoption of regulated digital currencies expands.
MUFG, SMBC, and Mizuho are forming a stablecoin consortium, joining JPMorgan and SoFi in the global race for bank-issued tokens.