🇯🇵 Regulation Watch: Japan Japan’s FSA backs a joint stablecoin project from MUFG, SMFG, and Mizuho. • Yen-backed coin (1:1) tested for cross-border payments • Built on MUFG’s Progmat platform • Early use: exporters and corporate clients • FSA approval pending Japan’s new rules let banks issue fiat-backed stablecoins. JPYC already issued the first yen-pegged coin. SBI & Ripple plan RLUSD launch in 2026.
5M ago•
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🇯🇵 Regulation Watch: Japan
— Cryptopolitan (@CPOfficialtx) Nov 8, 2025
Japan’s FSA backs a joint stablecoin project from MUFG, SMFG, and Mizuho.
• Yen-backed coin (1:1) tested for cross-border payments
• Built on MUFG’s Progmat platform
• Early use: exporters and corporate clients
• FSA approval pending
Japan’s new rules let banks issue fiat-backed stablecoins.
JPYC already issued the first yen-pegged coin.
SBI & Ripple plan RLUSD launch in 2026.
5M ago•
bullish:
0
bearish:
0
Share
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