Japan's $3T MUFG to Deploy AI in Loan Screening, Test Stablecoin Concept with Three Megabanks

Japan's $3 trillion financial group MUFG announced plans to deploy artificial intelligence in its loan review processes and to jointly explore a stablecoin proof of concept with three megabanks. The initiative will enhance credit assessment using AI tools while collaborating with the other major banks on a shared stablecoin framework at the proof-of-concept stage.