Japan's major financial institutions, including Mitsubishi UFJ, Sumitomo Mitsui Financial Group (SMFG), and Mizuho, are set to issue stablecoins aimed at commercial applications. This move marks a significant step in integrating blockchain technology into Japan's financial ecosystem, potentially enhancing transaction efficiency and security. The initiative reflects a growing trend among traditional banks to explore digital currencies as a means to modernize financial services and meet evolving market demands.