Bitget App
Trade smarter
Japan’s FSA Backs Major New Stablecoin Initiative

Japan’s FSA Backs Major New Stablecoin Initiative

CointurkCointurk2025/11/07 08:03
By:Fatih Uçar

In Brief Japan’s FSA supports a major new stablecoin pilot involving three major banks. The initiative explores regulatory compliance for stablecoins as electronic payment instruments. This marks the first project of the newly formed "Payment Innovation Project" (PIP).



Summarize the content using AI

Japan’s FSA Backs Major New Stablecoin Initiative image 1
ChatGPT


Japan’s FSA Backs Major New Stablecoin Initiative image 2
Grok

The Financial Services Agency (FSA) of Japan has officially announced its support for a new stablecoin pilot project involving three of the country’s major banks. Mizuho Bank, MUFG, and SMBC are collaborating on this initiative aiming to reshape Japan’s digital payment infrastructure. The pilot will explore the regulatory compliance and operational feasibility of categorizing stablecoins as “electronic payment instruments.”

Collaboration in Cryptocurrency Infrastructure

According to the FSA, the project is being conducted by a broad consortium, including Mitsubishi Corporation, Progmat Inc., and Mitsubishi UFJ Trust and Banking Corporation. This initiative will test the potential for different banking groups to jointly issue stablecoins. The FSA seeks to verify whether the system can operate legally and correctly within the existing financial regulations.

The project is set to commence in November 2025 and will continue indefinitely. Findings and compliance reports from the pilot will be publicly shared on the FSA’s official website. The insights gained could establish new standards within Japan’s digital financial ecosystem.

A New Era in Payment Ecosystems

This initiative marks the inaugural project of the FSA’s “Payment Innovation Project” (PIP), a special initiative under the umbrella of the “FinTech Proof-of-Concept Hub,” which has supported fintech experiments since 2017. PIP is dedicated to accelerating blockchain-based payment solutions and enhancing digital transactions within corporate networks.

Details previously reported by Nikkei becoming official indicate that Japan’s digital finance transformation has entered the implementation phase. Under the FSA’s leadership, this joint venture could initiate a new era of secure, fast, and cost-effective transactions within the country’s payment infrastructure.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Dogecoin News Update: SEC Sets November 2025 as Pivotal Deadline for Dogecoin ETF Approval

- Bitwise files a fast-track SEC 8(a) ETF application for Dogecoin , targeting November 2025 approval if regulators remain silent. - The move reflects growing institutional demand for crypto exposure amid regulatory uncertainty and a competitive ETF landscape. - Grayscale's DOJE ETF and rivals' XRP/Dogecoin products highlight intensified competition, with $24M+ in early trading volumes. - Analysts project 300% DOGE price gains if resistance breaks, while SEC's crypto-friendly leadership and legal battles w

Bitget-RWA2025/11/07 10:24
Dogecoin News Update: SEC Sets November 2025 as Pivotal Deadline for Dogecoin ETF Approval

Ethereum Updates Today: SharpLink Moves ETH—A Bid for Stability or Signs of Major Overhaul?

- SharpLink Gaming transferred $14M ETH to OKX ahead of Q3 earnings amid crypto market declines. - The move highlights challenges for crypto-holding firms as ETH drops 25% in 30 days and stocks like SBET fall 4.28%. - Institutional investors increasingly use ETH staking for yield, contrasting Bitcoin-focused strategies lacking comparable returns. - CertiK emphasizes treasury management integrity as spot crypto ETFs shift focus to secure asset handling amid governance scrutiny.

Bitget-RWA2025/11/07 10:24
Ethereum Updates Today: SharpLink Moves ETH—A Bid for Stability or Signs of Major Overhaul?

Tesla’s $1 Trillion Musk Deal: Strategic Move to Keep CEO or Example of Excessive Corporate Power?

- Tesla shareholders approved a $1 trillion compensation package for Elon Musk, tied to aggressive targets like $8.5 trillion valuation and 20 million vehicle deliveries. - Critics call the package excessive, while Tesla defends it as critical to retain Musk amid his SpaceX, xAI, and Trump administration commitments. - The Texas-based approval bypasses Delaware's strict governance rules, sparking debates over "race to the bottom" in corporate accountability. - Skeptics question feasibility of targets, with

Bitget-RWA2025/11/07 10:24
Tesla’s $1 Trillion Musk Deal: Strategic Move to Keep CEO or Example of Excessive Corporate Power?

The Quantum Computing Hype Cycle and What It Means for the Valuation of Cybersecurity Stocks

- Quantum computing threatens RSA/ECC encryption by 2025, accelerating post-quantum cryptography (PQC) adoption and investment in quantum-safe firms. - NIST's 2030 PQC standards and "harvest now, decrypt later" strategies force urgent infrastructure upgrades, with governments stockpiling sensitive data. - SEALSQ leads the quantum-safe sector with $220M liquidity, $17.5M 2025 revenue guidance, and PQC-embedded semiconductors for IoT/automotive sectors. - High-risk plays like BTQ (blockchain PQC) and pre-rev

Bitget-RWA2025/11/07 10:24
The Quantum Computing Hype Cycle and What It Means for the Valuation of Cybersecurity Stocks