The yen stablecoin pilot by Japan’s three megabanks has wrapped up successfully, with the launch of real transactions now on the horizon. Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation jointly announced on October 16 that they had completed a pilot in July involving a jointly issued yen token for cross-border payments, achieving end-to-end verification. The pilot was conducted by the three megabanks and two partner companies to explore a new model for banks to issue digital currencies. The parties are now working toward launching live transactions in fiscal 2026.
(Source: BeInCrypto)
#稳定币 #日本 #Cross-border payments
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