🇯🇵 Japan’s three largest banks MUFG, SMBC, and Mizuho have successfully completed a joint test of a yen-backed stablecoin for international payments. The trial tested how digital yen tokens could be issued, transferred, and redeemed, with a focus on cross-border payments between businesses in Japan and their overseas offices. The goal? Make international payments more efficient using blockchain technology. Traditional finance and digital assets are getting closer. $USDC $USDT