Yen Stablecoin Launches by Japan’s Megabanks
Japan’s largest banks, @MUFG, SMBC, and Mizuho, collaborate on a yen-backed stablecoin framework targeting Japan’s 2026 fiscal year; regulatory approval pending. #Update #Crypto
mizuho
USDC Surpasses USDT Volumes for First Time
Circle’s $USDC surpasses $USDT in transaction volumes for the first time since 2019, prompting Mizuho to raise its price target to $120. #Update #Crypto $USDC
Japan Regulator Supports 3 Major Banks’ Stablecoin Launch
The Japanese Financial Services Agency (FSA) will assist @MitsubishiUFJ, @SumitomoMitsui, and @Mizuho in developing a stablecoin proof-of-concept starting this month. #Update #Crypto $JPY