Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
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

Algo +1.57% Propelled by Robust 7-Day Surge

- Algo (ALGO) rose 1.57% in 24 hours on Nov 9, 2025, with a 17.27% surge over seven days. - The 7-day rally signals short-term bullish momentum, though a 46.01% annual decline remains unresolved. - Technical indicators like RSI and MACD suggest continued upward trends, but analysts caution against long-term optimism. - Traders are advised to monitor volume and market conditions amid ALGO's distinct performance versus broader crypto trends.

Bitget-RWA2025/11/09 14:44

YFI has surged by 13.08% over the past week as it experiences a robust short-term upward trend

- Yearn.finance's YFI token rose 0.47% in 24 hours, marking a 13.08% surge over seven days despite a 38.81% annual decline. - Analysts attribute the rally to accumulated buying pressure or improved trader sentiment, typical of DeFi's short-term volatility patterns. - Technical indicators suggest potential corrections post-rally, while backtesting historical 13.08% gains could reveal sustainability of the recent momentum.

Bitget-RWA2025/11/09 14:44

AAVE Rises 8.63% Over the Past Week: DeFi Buyback Momentum and Treasury Advancements

- Aave's $50M annual buyback program shifts DeFi tokenomics toward deflation, redirecting protocol earnings to reduce $AAVE supply. - The 7-day 8.63% price surge reflects growing adoption of buyback strategies by DeFi platforms like EtherFi and Maple Finance. - BTCS Inc. leverages Aave's 24/7 automated lending to cut borrowing costs by 5-6% while expanding Ethereum holdings through DAT strategy. - Analysts predict deflationary models will enhance price resilience, with metrics like protocol revenue replaci

Bitget-RWA2025/11/09 14:10