Japan’s 3 Megabanks to Jointly Issue Stablecoins
Tokyo, Oct. 18 (Jiji Press)–Japan’s three megabanks are planning to jointly issue corporate-use stablecoins pegged to legal tender like the yen and the dollar, aiming to promote their use in the country. MUFG Bank, Sumitomo Mitsui Banking Corp. and Mizuho Bank intend