Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Update: Traditional Banks Struggle to Compete with SoFi's All-in-One Crypto Expansion

- SoFi becomes first U.S. bank to launch integrated crypto trading via its app, offering BTC, ETH, and SOL. - The service uses in-house infrastructure and regulatory compliance, replacing a 2019 Coinbase partnership (suspended in 2023). - Enabled by March 2025 OCC guidance, it aims to attract risk-conscious users with FDIC-insured accounts and a Bitcoin giveaway promotion. - Future plans include a USD-backed stablecoin by 2026 and blockchain remittances, though crypto remains speculative and uninsured.

Bitget-RWA2025/11/12 06:02
Bitcoin News Update: Traditional Banks Struggle to Compete with SoFi's All-in-One Crypto Expansion

XRP News Today: XRP Faces Technical Challenges While Ripple Grows Its Institutional Presence

- XRP's price has fallen below $2.40 amid a "death cross" technical signal and weak RSI, with key resistance at $2.50–$2.60. - On-chain data shows 240% higher profit-taking by long-term holders, with $470M in realized losses as prices drop below $2.50. - Ripple secures $500M funding at $79B valuation but XRP remains detached from institutional progress, down 20% in Q4 2025. - Whale activity declines sharply while retail sentiment wanes, with trading forum engagement down 25% month-over-month. - XRP trades

Bitget-RWA2025/11/12 06:02
XRP News Today: XRP Faces Technical Challenges While Ripple Grows Its Institutional Presence

JPMorgan's Advantage with Deposit Tokens: Institutional Options Beyond Stablecoins

- JPMorgan launches JPM Coin, a 24/7 USD deposit token for institutional clients via Coinbase's Base blockchain, enabling real-time settlements beyond banking hours. - The token, piloted with Mastercard and B2C2, aims to streamline cross-border payments and will expand to non-institutional clients and euro-denominated JPME pending approvals. - JPM Coin serves as collateral on Coinbase and differentiates from stablecoins by representing tokenized bank deposits with potential yield-bearing features. - The in

Bitget-RWA2025/11/12 05:46

Bitcoin Updates: Major Whale Moves $10 Million—Is This a Market Dump or a Tactical Shift in Holdings?

- A Bitcoin whale withdrew 100 BTC ($10.32M) from Binance, signaling renewed activity from long-term holders amid broader "OG" whale selling trends. - Over 1,000 BTC/hour has been dumped by seven-year+ holders since November 2024, with $100M+ sell-offs highlighted by Capriole's Edwards as "persistent distribution." - Technical analysis forecasts a $89,600 price drop via bear pennant patterns, compounding risks as Bitcoin trades 18.7% below its $126K all-time high. - Whale activity remains ambiguous: withdr

Bitget-RWA2025/11/12 05:46
Bitcoin Updates: Major Whale Moves $10 Million—Is This a Market Dump or a Tactical Shift in Holdings?