Japan megabanks complete stablecoin test

• Japan's Mizuho, MUFG and SMBC completed a joint yen stablecoin pilot testing cross-border payments for Mitsubishi Corporation.
• The three banks' first cross-border stablecoin payment test was in a pilot backed by the Financial Services Agency.
• The test was Japan's three largest banks' first international crypto stablecoin payment test.

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