<div id="readability-page-1">MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corp. (SMBC) have agreed to issue a shared stablecoin before the end of fiscal year 2026. According to NS3.AI, the three banks plan to establish a governance council before live transactions begin.  The report noted that Japan’s fiscal year ends in March 2027.</div>

SMFG

8316

8411

MUFG

8306

<p>MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corp. (SMBC) have agreed to issue a shared stablecoin before the end of fiscal year 2026. According to NS3.AI, the three banks plan to establish a governance council before live transactions begin. The report noted that Japan’s fiscal year ends in March 2027.</p>

CoinLive

Mizuho Financial

Sumitomo Mitsui Financial

Sumitomo Mitsui Financial Group, Inc.

Mizuho Financial Group, Inc.

Mitsubishi UFJ Financial

Mitsubishi UFJ Financial Group, Inc.

MUFG, Mizuho, And SMBC Plan Shared Stablecoin Issuance Before End Of Fiscal Year 2026