MUFG Bank, Mizuho Bank and SMBC plan live transactions for a jointly issued trust-type yen stablecoin in fiscal 2026, putting Japan's biggest banks into the stablecoin race.
JPMorgan, Bank of America, Citi and other big banks are backing a Clearing House tokenized deposit network aimed at 24/7 regulated digital dollars.
FDIC says Illinois closed Metropolitan Capital Bank & Trust on Jan. 30, 2026; First Independence Bank assumed deposits in the first U.S. failure of 2026.