Japan's Megabanks Plan a Joint Yen Stablecoin | CoinDesk Daily
About this episode
Japan's three largest banks are planning to jointly issue a yen-backed stablecoin by March 2027.
A Yen stablecoin from the mega banks? Japan's three largest banks, MUFG, Mizuho, and SMBC, are planning to jointly issue a yen-backed stablecoin by March 2027, with backing from Japan's Financial Services Agency. Yen tokens currently represent less than $50 million in a $311 billion market dominated by dollar tokens. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
People in this episode
Host: Jennifer Sanasie
Topics covered
- yen stablecoin
- Japan's megabanks
- cryptocurrency
- financial services
- stablecoins
Keywords
- yen
- stablecoin
- MUFG
- Mizuho
- SMBC
- cryptocurrency
- Japan
Mentioned in this episode
Organizations: MUFG, Mizuho, SMBC, Japan's Financial Services Agency
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