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JAPAN’S MEGABANKS PLAN JOINT STABLECOINS FOR CORPORATE PAYMENTS

Sarakhon Report

A unified standard for yen- and dollar-pegged tokens Japan’s three megabanks — MUFG, Sumitomo Mitsui, and Mizuho — plan to jointly issue corporate-use stablecoins pegged to legal tender, aiming to streamline wholesale settlements and supply-chain payments.

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