TOKYO (Reuters) -Japan's three largest banks, Mitsubishi UFJ Financial Group ( MUFG ), Sumitomo Mitsui Financial Group ( SMFG ) and Mizuho Financial Group ( MFG ), will jointly issue "stablecoins", digital currencies pegged to the value of real-world currencies, the Nikkei business daily reported on Friday.

The banks will build a structure for their corporate clients to allow for stablecoins to be transferred between them along uniform standards, initially issuing a yen-pegged coin and potentially a dollar-pegged coin in the future, the Nikkei said.