Mitsubishi UFJ Trust Bank and Others Complete JPY Stablecoin and Cross-Border Payment Experiment

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Mitsubishi UFJ Trust Bank and four other major Japanese banks completed a JPY stablecoin and cross-border payment pilot from July 17 to 23, 2026. The project was supported by Japan’s Financial Services Agency through the Fintech Experiment Hub. The trial examined blockchain applications in international remittances and B2B payments. On-chain reports indicated the stablecoin model demonstrated operational viability, with results potentially influencing future digital payment services and financial asset implementations.

According to Mars Finance, Mitsubishi UFJ Trust and Banking Corporation, in collaboration with Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and TISI, completed a pilot experiment from July 17 to 23, 2026, on the joint issuance of JPY stablecoins and optimization of cross-border payments. Supported by the Financial Services Agency’s “Fintech Pilot Hub – Payment Modernization Project,” the experiment validated the feasibility of a multi-bank stablecoin issuance model and explored the potential of blockchain technology in international remittances and business-to-business payments. Results demonstrated the operational viability of stablecoin issuance and circulation, providing important insights for the future deployment of digital payment services and blockchain-based financial assets in society.

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