Mitsubishi UFJ Financial Group, in conjunction with Mizuho Bank and Sumitomo Mitsui Banking Corporation, is jointly advancing a Proof-of-Concept (PoC) for a yen-pegged stablecoin.

according to the latest disclosure, Japan's Mitsubishi UFJ Financial Group (MUFG), with assets totaling $3 trillion, announced two strategic advancements:

1️⃣ Deep AI integration into the credit system: fully applying generative AI to corporate and personal loan review processes, significantly improving risk control accuracy and approval efficiency;

2️⃣ Stablecoin proof of concept implementation: jointly promoting a yen-pegged stablecoin PoC (proof of concept) with Mizuho Bank and Sumitomo Mitsui Banking Corporation, paving the way for official commercial use in March 2026.