Regulation· ★★★★· bullish·

Three Japanese megabanks confirm feasibility of joint yen stablecoin issuance

  • —Pilot ran July 17–23, 2026 with five participating firms
  • —Token issued as a "specified trust beneficiary interest" under Japan's payment law
  • —Issuance, transfer and redemption tested in Mitsubishi Corp. cross-border payments
  • —Blockchain infrastructure built by TISI under contract with Sumitomo Mitsui
Why it matters: The project is the first backed under Japan's FSA payment-advancement program, moving yen stablecoins closer to live settlement in fiscal 2026.
Source: CoinDesk Japan
More on this
Exchanges · Sep 28
HTX lists Japanese yen stablecoin JPYC on September 28
 DeFi · yesterday
JPYC EX cumulative issuance tops 10 billion yen as token lists on Upbit
 Exchanges · Sep 18
JPYC issuance tops 4.26B yen after Upbit listing as arbitrageurs double turnover