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Japan's Major Banks Test Yen Stablecoin Payments for Cross-Border Transactions

16 Oct 2026· CLOM Newsroom· CLOM· 1 min readPROJECT

Japan's three largest banks, Mizuho, MUFG, and SMBC, have successfully completed a joint trial of yen stablecoin payments.

The trial was conducted for Mitsubishi Corporation's cross-border transactions, marking a significant step in the adoption of digital currencies in Japan.

Reporting aggregated and summarized by CLOM — research & education, not financial advice.

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