Japan's Three Megabanks Finish Yen Stablecoin Cross-Border Test

SMBC, Mizuho, and MUFG completed a joint proof-of-concept for issuing a yen stablecoin and using it for cross-border payments, per CoinMarketCap.

Read the full article: https://www.spendnode.io/blog/japanese-megabanks-yen-stablecoin-proof-of-concept-october-2026/