[Japan's Three Major Banks Plan to Jointly Issue Stablecoins by 2026] BlockBeats News, June 9, according to a report by Nikkei, Japan's three major banks plan to jointly issue stablecoins pegged to fiat currency by 2026 and have established a consultation mechanism to advance the design of application and operational methods in real-world transaction scenarios. Sumitomo Mitsui Banking Corporation, Mizuho Bank, and Mitsubishi UFJ Bank are expected to sign a basic agreement soon. Since November 2025, the three banks have been conducting joint proof-of-concept experiments under the guidance of Japan's Financial Services Agency (FSA) to prepare for the issuance of stablecoins. In the future, the consultation committee will continue to promote the practical application and commercialization of stablecoins, taking into account relevant laws, regulations, and market development trends. [Original Link]