Japan’s Top Banks Begin Yen Stablecoin Pilot Backed by National Regulator
Japan’s financial sector is taking a decisive step toward blockchain-based payments as three of the country’s largest banks launch a pilot for a yen-pegged stablecoin under the supervision of the Financial Services Agency (FSA). The participants, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group, plan to test a token that can […]