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Japan Megabanks MUFG, Mizuho, and SMBC Establish Joint Stablecoin Council

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Japan's three largest banks have moved from exploratory talks into formal infrastructure deployment, establishing a joint stablecoin council targeting live transactions by March 2027. Mitsubishi UFJ Bank (MUFG), Mizuho Bank, and Sumitomo Mitsui Banking Corporation (SMBC) published a joint press… Read the full story at The Defiant

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