8306
−2.98%
8316
−3.08%
8411
−4.01%
Japan’s three largest banks, Mitsubishi UFJ Financial Group
8306
, Sumitomo Mitsui Financial Group
8316
and Mizuho Financial Group
8411
, will jointly issue “stablecoins”, digital currencies pegged to the value of real-world currencies, the Nikkei business daily reported on Friday.
The banks will build a structure for their corporate clients to allow for stablecoins to be transferred between them along uniform standards, initially issuing a yen-pegged coin and potentially a dollar-pegged coin in the future, the Nikkei said.