Japan’s FSA Backs Yen-Backed Stablecoin Pilot Involving Three Megabanks
Japan’s Financial Services Agency has officially endorsed a joint stablecoin pilot initiative involving Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group. The regulator on Friday mentioned that it will present assist as the primary challenge beneath the Payment Innovation Project (PIP). PIP is a newly established initiative by the regulator to…
