According to Nikkei, Mitsubishi UFJ Financial Group (MUFG) and Mizuho Financial Group (FG) will cooperate to develop digital currency for inter-company payments. In the common infrastructure of Mitsubishi UFJ Trust Bank, a subsidiary of Mitsubishi UFJ Financial Group, Mizuho will participate in the digital currency framework issued in 2024 to achieve practical application, which will make complex and high-cost trade settlements more efficient through digital currency and at almost zero cost.