Episode
Japan's Megabanks Plan a Joint Yen Stablecoin | CoinDesk Daily
- Podcast
- CoinDesk Podcast Network
- Published
- Jun 10, 2026
- Duration seconds
- 83
- Processing state
not_requested- Canonical source
- https://traffic.megaphone.fm/CDI6076309424.mp3
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Summary
A Yen stablecoin from the mega banks? Japan's three largest banks, MUFG, Mizuho, and SMBC, are planning to jointly issue a yen-backed stablecoin by March 2027, with backing from Japan's Financial Services Agency. Yen tokens currently represent less than $50 million in a $311 billion market dominated by dollar tokens. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.