MUFG Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank plan to jointly launch fiat-pegged stablecoins within fiscal year 2026. The three banks will set up a dedicated coordination body to study operational models and practical application plans. Since November 2025, the trio has collaborated with Japan’s Financial Services Agency on pilot tests for joint stablecoin issuance, and will advance commercial rollout in line with regulatory requirements and market trends.