🏛️ Major Japanese banks team up to launch stablecoin - a shift in traditional finance
📅 10/06/2026 09:30 ICT | BTC: $61,405
MUFG, SMBC, and Mizuho - three of Japan's top megabanks - have just announced plans to establish a joint stablecoin issuance alliance, joining the global bank token race alongside JPMorgan and SoFi. This move marks a wave of traditional financial institutions officially entering the crypto game by issuing government-backed tokens, rather than just investing through ETFs or buying Bitcoin. If successful, the stablecoin issued by these banks could create a massive liquidity channel for the DeFi and crypto ecosystem, as institutional funds from Japan - the world's fourth-largest economy - flow into the decentralized market.
Do you think stablecoins from traditional banks will compete with or complement USDT and USDC? 👇
#BTC #ETH #SOL #CryptoNews
📅 10/06/2026 09:30 ICT | BTC: $61,405
MUFG, SMBC, and Mizuho - three of Japan's top megabanks - have just announced plans to establish a joint stablecoin issuance alliance, joining the global bank token race alongside JPMorgan and SoFi. This move marks a wave of traditional financial institutions officially entering the crypto game by issuing government-backed tokens, rather than just investing through ETFs or buying Bitcoin. If successful, the stablecoin issued by these banks could create a massive liquidity channel for the DeFi and crypto ecosystem, as institutional funds from Japan - the world's fourth-largest economy - flow into the decentralized market.
Do you think stablecoins from traditional banks will compete with or complement USDT and USDC? 👇
#BTC #ETH #SOL #CryptoNews