Mizuho, MUFG and SMBC completed a joint yen stablecoin pilot for Mitsubishi Corporation’s cross-border payments. It tested the token’s issuance, transfer and redemption in a trust-based setup; the report says commercial transactions were targeted for fiscal 2026 (The Defiant).

MizuhoMUFGOct 16, 2026, 19:38 UTC

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Answered Oct 16, 2026, 19:38 UTC

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The supplied posts confirm completion but do not describe the pilot mechanics or what was evaluated. These independent searches may surface the banks’ or Mitsubishi Corporation’s fuller announcement and reporting on the test scope.
The supplied posts and initial searches establish that the pilot was completed for Mitsubishi Corporation, but give conflicting or incomplete detail on its mechanics. These reads seek fuller reporting and primary bank or regulator statements on what the test covered.
These reads seek primary or fuller reporting about the pilot’s operating model, dates, participant roles, and intended next step. Prior results say the July trial covered issuance, transfer, and redemption, but do not establish its exact mechanics or schedule.
The previous results say the July test covered issuance, transfer, and redemption for Mitsubishi Corporation, but they do not substantiate the technical setup, participant roles, exact dates, or planned next step. These reads seek the banks’ or regulator’s announcement and fuller reporting to clarify those points.
The supplied posts and reporting establish the pilot’s purpose and test scope.