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MUFG, Mizuho, And SMBC Plan Shared Stablecoin Issuance Before End Of Fiscal Year 2026

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2026-06-10 15:35:57
MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corp. (SMBC) have agreed to issue a shared stablecoin before the end of fiscal year 2026. According to NS3.AI, the three banks plan to establish a governance council before live transactions begin.

The report noted that Japan’s fiscal year ends in March 2027.
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