Japan's financial landscape is quietly迎来an on-chain evolution.

Today, the Japanese Financial Services Agency officially announced its support for the joint issuance of stablecoins, a pilot experiment involving the three major giants: MUFG Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank.

This is also the first support case of the newly established Payment Innovation Project (PIP), with a very clear goal - to promote the digitization and internationalization of the Japanese financial system.

The lineup can be described as luxurious:

Mitsubishi Corporation is responsible for business implementation and scenario expansion.

Progmat provides infrastructure for stablecoin issuance

Mitsubishi UFJ Trust Bank is expected to take on the roles of trust and compliance assurance.

This means that Japan's stablecoins are no longer just theoretical, but are entering a national-level co-construction stage.

In my opinion, the significance of this action is not just an upgrade in financial technology, but a key move for Japan to regain its voice in the global payment system.

Compared to privately issued crypto stablecoins, Japan has chosen a model of bank consortium + government regulation—safe, compliant, and innovative.

This may become a new template for the integration of traditional finance and cryptocurrency finance, allowing the Japanese yen stablecoin to truly become a benchmark for the digitization of finance in East Asia.

#支付创新 # Japan's financial #stablecoin experiment