Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, along with Mitsubishi UFJ Trust and Banking Corporation and TISI, announced on the 16th that they conducted a pilot test for cross-border settlements using a jointly issued stablecoin from July 17 to 23. The test simulated transactions between Mitsubishi Corporation's domestic and overseas offices, verifying the entire process from issuance to transfer and redemption.
This pilot is part of the Financial Services Agency's initiative set for November 2025, "Fintech...