# MUFG Related Articles

HTX News Center provides the latest articles and in-depth analysis on "MUFG", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Japan’s Largest Banks Eye FY2026 Stablecoin Rollout Amid Regulatory Push

Japan's three largest banks—MUFG Bank, Sumitomo Mitsui Banking Corp., and Mizuho Bank—are advancing plans to launch a jointly-issued yen-pegged stablecoin by the end of fiscal year 2026 (March 31, 2027). They have established a voluntary council to develop the operational framework, governance, and issuance infrastructure for the token, which will be issued under a trust agreement. The move aligns with Japan's regulatory push to expand its yen-based digital asset market, following 2022 amendments to the Payment Services Act that restrict stablecoin issuance to licensed entities like banks and trust companies. The banks, which began exploring this initiative in late 2025, aim to support a wide range of use cases and are considering future collaborations with other financial institutions. This development occurs alongside other yen-stablecoin launches and recent political proposals to promote such tokens for settlement in Asia.

bitcoinist06/11 11:32

Japan’s Largest Banks Eye FY2026 Stablecoin Rollout Amid Regulatory Push

bitcoinist06/11 11:32

Japan’s Banking Giants Unite for Yen Stablecoin Launch

Three of Japan's largest banks — Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group — will jointly issue a yen stablecoin by March, the end of the current financial year. They have formed a council to prepare for the launch, with the Japanese Financial Services Agency and the ruling Liberal Democratic Party expressing support. Yen-pegged stablecoins currently represent a minor part of the market, with JPYC being the most notable example. Separately, the New York State Department of Financial Services has proposed stringent new regulations for stablecoin issuers, focusing on stricter reserve custody rules, enhanced risk management, and mandatory executive certifications and audits.

TheNewsCrypto06/10 12:53

Japan’s Banking Giants Unite for Yen Stablecoin Launch

TheNewsCrypto06/10 12:53

活动图片

Industry Newsright-arrow

Trading Strategiesright-arrow