Japan’s Three Megabanks Plan Jointly Issued Stablecoin, Live by March 2027
MUFG, Mizuho and SMBC signed an MOU to form a council and aim to run live commercial transactions with a jointly issued stablecoin in FY2026.
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Stablecoins
Senate Banking Committee Advances Clarity Act 15-9, Sending Crypto Bill Toward the Floor
The Senate Banking Committee advances the Clarity Act 15-9 with two Democratic votes, keeping the stablecoin yield deal intact as ethics talks continue.
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Senators Release Stablecoin Yield Compromise, Clearing a Path for the Clarity Act
Tillis and Alsobrooks unveil Clarity Act text barring interest-like stablecoin yield while allowing activity rewards, and crypto groups push for a markup.
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