Japanese Banks Collaborate On New Stablecoin
Developing story — details emerging. Check the source link for the latest updates.
4 headlines
Developing story — details emerging. Check the source link for the latest updates.
The groups say issuers, DeFi apps, and validators need clearer limits on who is responsible once stablecoins change hands.
Megabanks MUFG Bank, Mizuho Bank and SMBC have formed a council to develop frameworks for jointly issuing a stablecoin in fiscal year 2026.
“I’m hesitant to lean into the stablecoin and agentic commerce narratives too much,” Chris Suh, Visa’s chief financial officer, tells Fortune.