Japan's Largest Banks Move Toward a Unified Stablecoin With 2027 Target
Bullish••Crypto Economy
MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking Corporation formed a council to develop a jointly issued stablecoin by March 2027. The token would be issued under a trust agreement, with the banks as joint settlors and a trust bank or similar institution as trustee.
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The original article is written in English.