{"id":698033,"date":"2025-11-07T14:45:12","date_gmt":"2025-11-07T11:45:12","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/japans-fsa-backs-joint-stablecoin-initiative-by-nations-top-banks\/"},"modified":"2025-11-07T14:45:12","modified_gmt":"2025-11-07T11:45:12","slug":"japans-fsa-backs-joint-stablecoin-initiative-by-nations-top-banks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/japans-fsa-backs-joint-stablecoin-initiative-by-nations-top-banks\/","title":{"rendered":"Japan\u2019s FSA backs joint stablecoin initiative by nation\u2019s top banks"},"content":{"rendered":"

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Japan\u2019s financial regulator has launched a \u201cPayment Innovation Project\u201d backing a joint initiative by major banks and corporations to issue yen-based stablecoins.<\/p>\n

Japan\u2019s financial regulator, the Financial Services Agency (FSA), endorsed a project by the country\u2019s largest financial institutions to jointly issue yen-backed stablecoins.<\/p>\n

In a Friday statement<\/a>, the FSA announced the launch of its \u201cPayment Innovation Project\u201d as a response to progress in \u201cthe use of blockchain technology<\/a> to enhance payments.\u201d The initiative involves Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi Corporation and its financial arm and Progmat, MUFG\u2019s stablecoin issuance platform.<\/p>\n

The announcement follows recent reports that those companies plan to modernize corporate settlements and reduce transaction costs through a yen-based stablecoin project built on MUFG\u2019s stablecoin issuance platform Progmat. The institutions in question serve over 300,000 corporate clients.<\/p>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Japan\u2019s financial regulator has launched a \u201cPayment Innovation Project\u201d backing a joint initiative by major banks and corporations to issue yen-based stablecoins. Japan\u2019s financial regulator, the Financial Services Agency (FSA), endorsed a project by the country\u2019s largest financial institutions to jointly issue yen-backed stablecoins. In a Friday statement, the FSA announced the launch of its…<\/p>\n","protected":false},"author":1,"featured_media":698034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-03\/0195ea46-ae3e-77ad-8380-c28999d3f120","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,88156,75493,74355,25196,71939,20618,4999,70934],"class_list":["post-698033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-fsa","tag-stablecoin","tag-adoption","tag-asia","tag-banks","tag-japan","tag-policy","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/698033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=698033"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/698033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/698034"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=698033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=698033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=698033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}