On June 10, Japan's three major banks, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corporation, and Mizuho Bank, announced their plan to jointly issue a digital currency known as a 'stablecoin' that will be pegged to legal currencies such as the yen to ensure value stability by 2026. Initially, this stablecoin will be utilized in stock and investment trust transactions by the three banks along with Nomura Securities and Daiwa Securities, making a total of five financial institutions involved. The banks have also agreed to establish a consultative committee to discuss operational methods aimed at practical social applications. There are plans to gradually expand the range of financial institutions that can use the stablecoin in the future. The trust banks responsible for issuance and the companies providing the foundational system platform will be selected later.