Japan's three largest banks just said they'll launch a shared yen stablecoin by March 2027
Japan's three largest banks just said they'll launch a shared yen stablecoin by March 2027 MUFG, SMBC, Mizuho. Codenamed Project Pax, targeting ~$6.5B in B2B volume on Progmat rails. This isn't a pilot. It's the next layer of the most institutional Web3 stack on earth 👇
The excerpt is quoted from a public Telegram channel, which owns its text.