Weekly Monthly Insights Charts Tracker Companies Networks Glossary

Tokenized Deposits

All Stablecoin Beat articles tagged “Tokenized Deposits”.

Japan's three megabanks MUFG, SMBC and Mizuho preparing a regulated yen stablecoin as a test of bank-issued digital money, tokenized deposits and programmable settlement in Asia
Insights
Japan's Megabank Stablecoin Test: What Yen Stablecoins Mean for Digital Payments
Jun 14, 2026 ·19 min read
Japan's three megabanks, MUFG, SMBC, and Mizuho, plan to jointly issue stablecoins by March 2027 under FSA supervision. The plan is less a copy of the dollar stablecoin market than a test of a bank-led model in which regulated yen stablecoins, tokenized deposits, and programmable payments are built from regulation outward. The decisive question is market design: whether Japan can issue digital money that is regulated enough to be credible yet open and interoperable enough to be useful, rather than a closed bank rail with blockchain branding.
More
Jun 5, 2026 ·22 min
Insights Stablecoin Banking: The New Battle for Deposits, Payments and Licenses Stablecoins are migrating from crypto-market liquidity into the operating logic of banking, payments, custody, and licensing. Around Money20/20 Europe 2026, banks, neobanks, payment firms, and trust-chartered infrastructure providers converged on four competing models for regulated digital money. StablecoinBeat data shows the market remains highly concentrated and almost entirely dollar-denominated: as of June 4, 2026, USDT and USDC alone held about 81% of $324 billion in supply, and non-dollar tokens accounted for roughly 0.3%. The decisive battleground is now licensing, reserves, deposit competition, and control of the customer interface.
›