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Cryptocurrencies
Government backs pilot program as coins pegged to greenback become global standard
Japan’s major banks teaming up to issue the stablecoins is expected to help encourage widespread adoption, especially among corporate clients. (Illustration by Nikkei)
Nikkei staff writers
November 8, 2025 03:21 JST
TOKYO — Japan’s top three banks will launch a pilot program for the joint issuance of stablecoins pegged to the yen as the country rushes to build its own digital payment network amid the rise of dollar-denominated stablecoins overseas.
