Japan's Financial Services Agency approves stablecoin trade settlement proof-of-concept experiment
54 minutes ago
According to an official announcement on the website of Japan’s Financial Services Agency (FSA), the regulator announced on September 29, 2026 that it has approved the fourth support project under the FinTech Proof-of-Concept Center’s Payment Advancement Project (PIP). The project was jointly applied for by TradeWaltz, NTT Data, Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, and MUFG Trust Bank. The proof-of-concept experiment will verify the practical application of stablecoins in trade transaction fund settlement and sort out relevant legal arguments, running from September 2026. Upon conclusion, the FSA will publish the experiment results and relevant compliance and regulatory conclusions on its official website.
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