Japan’s Big Banks’ Bold Move: Joint Stablecoin Launch by 2027

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By: Christian Pierce
Japan’s three largest banks plan a joint stablecoin launch by March 2027. They’ll set up a council to review operations. The stablecoin will be issued under a trust agreement. Japan’s FSA supported the project through its fintech testing framework, and stablecoin rules were clarified in 2023. This shows the growing interest in blockchain for payments in Japan.

Author bio: Christian Pierce, chief financial columnist and markets commentator.