According to an official announcement from Mitsubishi UFJ Trust and Banking Corporation, in collaboration with Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and TISI, a proof-of-concept experiment on the joint issuance of JPY stablecoins and optimization of cross-border payments was successfully conducted from July 17 to 23, 2026. Supported by the Financial Services Agency’s “Fintech Proof-of-Concept Hub – Payment Modernization Project,” the experiment validated the feasibility of a multi-bank joint stablecoin issuance model and explored the potential of blockchain technology in international remittances and business-to-business payments. The results demonstrated the operational viability of stablecoin issuance and circulation, providing important insights for the future implementation of digital payment services and the broader adoption of blockchain-based financial assets.
Mitsubishi UFJ Trust Bank Completes JPY Stablecoin and Cross-Border Payment Experiment
TechFlowShare
Summary
Mitsubishi UFJ Trust Bank announced a project on a JPY stablecoin and cross-border payment pilot. Conducted from July 17 to 23, 2026, the on-chain trial involved collaboration with four major Japanese banks and TISI. Supported by Japan’s Financial Services Agency, the test validated the feasibility of multi-bank stablecoin issuance and blockchain-based international payments. The project announcement underscores the potential of the digital yen for remittances and B2B transactions. On-chain data from the trial demonstrates that stablecoin circulation is operationally viable, providing valuable insights for future digital payment services.
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