Digital economy + dual goal of the Japanese yen's status, Tokyo's ambitions are significant

Tokyo Metropolitan Government issues guidelines for the socialization of stablecoins to promote the project and disbursement subsidies, planning to use yen stablecoins within Tokyo to boost the digital economy and enhance the status of the yen.
The maximum subsidy per project is 40 million yen, covering up to two-thirds of the expenses, including platform fees for issuance/wallets, legal and audit consulting, and system development.
Applying organizations must have headquarters or branches in Tokyo, and project acceptance must be completed before the end of the fiscal year in which the delivery decision is made.