Three Major Japanese Banks Could Launch Yen-Pegged Stablecoin on MUFG’s Progmat to Modernize Corporate Settlements

Oct 17 2025 bitcoin


Japan’s largest banks are collaborating to issue a yen-pegged stablecoin using MUFG’s Progmat platform to streamline corporate settlements, reduce cross-border fees and enable interoperable tokenized payments across companies—targeted rollout before



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