🔔 Japan's three megabanks — Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho — plan to jointly issue a fiat-backed stablecoin by FY2026, following a pilot with Japan's FSA. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Traditional banking infrastructure entering the stablecoin space validates the technology and brings regulatory clarity — a net positive for the broader digital asset ecosystem. A bank-backed, FSA-sanctioned yen stablecoin could also compete with existing yen-pegged stablecoins and reduce USD stablecoin demand in Japan's domestic market. Watch whether this triggers similar moves from other Asian banking consortia. --source: https://x.com/WuBlockchain/status/2064329326355521569 Track real-time signals & trade → https://hupzy.com/trending(Hupzy (Spot On Chain))