Japan’s top banks unite to issue yen and dollar stablecoins. Consortium targets faster corporate payments through regulated tokenized fiat rails. Mitsubishi pilot marks Japan’s major shift toward digital financial infrastructure. Japan’s three largest lenders, Mitsubishi UFJ (MUFG), Sumitomo Mitsui (SMBC), and Mizuho, are forming a consortium to introduce stablecoins pegged to both the Japanese yen and the U.S. dollar. According to Nikkei, the group plans to develop a unified platform for corporate clients and streamline cross-border transactions through tokenized fiat rails. The initiative will start with a pilot involving Mitsubishi Corporation, leveraging the banks’ extensive network of more than 300,000 corporate partners. This project could allow yen and dollar liquidity to circulate within Japan’s regulated banking environment, marking a key step in the nation’s transition toward blockchain-based settlement. Also Read: Egrag Crypto: “XRP Market is a Bus Driven by Someone Blindfolded, Here’s What to Expect” Authorities in Japan are already setting the stage for domestic stablecoin approvals. Other major players are moving in the same direction, with Japan Post Bank preparing to roll out DCJPY, a tokenized yen deposit, by fiscal 2026. Meanwhile, Ripple and SBI plan to launch their dollar-backed RLUSD stablecoin in Japan around the same period. Growing Momentum Toward Tokenized Banking Infrastructure By issuing stablecoins under Japan’s traditional banking framework, the megabanks aim to simplify payments and reduce settlement risks. The tokens could enable instant transfers and programmable payments while maintaining compliance and transparency within existing financial systems. Consequently, corporate clients might soon settle domestic and international transactions with higher efficiency and lower costs. Across Asia, regulators are moving quickly to define the boundaries of this emerging market. South Korea is finalizing a stablecoin bill, while Hong Kong is establishing a new licensing regime. In the United States, the GENIUS Act has created the first federal framework for stablecoin issuers, providing a model that global regulators are closely examining. This alliance among Japan’s leading financial institutions could reshape the country’s corporate payment ecosystem. If the pilot succeeds, it may set the stage for broader adoption of tokenized cash and accelerate Japan’s leadership in digital finance. Also Read: Uniswap Adds Solana Support to Web App, Enabling Direct SOL Token Swaps The post Japan’s Megabanks Unite to Launch Yen and Dollar Stablecoins for Corporate Use appeared first on 36Crypto. Japan’s top banks unite to issue yen and dollar stablecoins. Consortium targets faster corporate payments through regulated tokenized fiat rails. Mitsubishi pilot marks Japan’s major shift toward digital financial infrastructure. Japan’s three largest lenders, Mitsubishi UFJ (MUFG), Sumitomo Mitsui (SMBC), and Mizuho, are forming a consortium to introduce stablecoins pegged to both the Japanese yen and the U.S. dollar. According to Nikkei, the group plans to develop a unified platform for corporate clients and streamline cross-border transactions through tokenized fiat rails. The initiative will start with a pilot involving Mitsubishi Corporation, leveraging the banks’ extensive network of more than 300,000 corporate partners. This project could allow yen and dollar liquidity to circulate within Japan’s regulated banking environment, marking a key step in the nation’s transition toward blockchain-based settlement. Also Read: Egrag Crypto: “XRP Market is a Bus Driven by Someone Blindfolded, Here’s What to Expect” Authorities in Japan are already setting the stage for domestic stablecoin approvals. Other major players are moving in the same direction, with Japan Post Bank preparing to roll out DCJPY, a tokenized yen deposit, by fiscal 2026. Meanwhile, Ripple and SBI plan to launch their dollar-backed RLUSD stablecoin in Japan around the same period. Growing Momentum Toward Tokenized Banking Infrastructure By issuing stablecoins under Japan’s traditional banking framework, the megabanks aim to simplify payments and reduce settlement risks. The tokens could enable instant transfers and programmable payments while maintaining compliance and transparency within existing financial systems. Consequently, corporate clients might soon settle domestic and international transactions with higher efficiency and lower costs. Across Asia, regulators are moving quickly to define the boundaries of this emerging market. South Korea is finalizing a stablecoin bill, while Hong Kong is establishing a new licensing regime. In the United States, the GENIUS Act has created the first federal framework for stablecoin issuers, providing a model that global regulators are closely examining. This alliance among Japan’s leading financial institutions could reshape the country’s corporate payment ecosystem. If the pilot succeeds, it may set the stage for broader adoption of tokenized cash and accelerate Japan’s leadership in digital finance. Also Read: Uniswap Adds Solana Support to Web App, Enabling Direct SOL Token Swaps The post Japan’s Megabanks Unite to Launch Yen and Dollar Stablecoins for Corporate Use appeared first on 36Crypto.