The post Japan’s Major Banks Pilot Yen-Backed Stablecoins for Potential Faster Payments appeared on BitcoinEthereumNews.com.

COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process—not noise. 👉 Sign up → Japan’s Financial Services Agency has approved a pilot for yen-backed stablecoins by Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corporation, and Mizuho Financial Group under the Payment Innovation Project, aiming to enable faster and more cost-effective payments for businesses and consumers. Major Japanese banks MUFG, SMBC, and Mizuho lead the initiative to test yen-backed stablecoins for efficient transactions. The program operates under the FSA’s Payment Innovation Project, focusing on innovation in payment systems. Regulatory oversight ensures full backing and security, with potential expansion to dollar-backed stablecoins in future phases, as per FSA guidelines. Discover Japan’s yen-backed stablecoins pilot under FSA’s Payment Innovation Project. Major banks test faster payments—explore implications for global finance today. What is Japan’s yen-backed stablecoin pilot program? Japan’s yen-backed stablecoin pilot program, approved by the Financial Services Agency, involves three leading banks—Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corporation, and Mizuho Financial Group—testing digital tokens pegged to the yen. Yen-backed stablecoins are designed to maintain a 1:1 value with the Japanese currency, facilitating quicker and less expensive cross-border and domestic payments. This initiative, the first under…

---

Filed under: News - @ November 7, 2025 11:32 pm