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Tokyo launches support program for yen-denominated stablecoin companies

MeNews
ME News Report, April 18 (UTC+8), Tokyo announced the launch of a business support program aimed at the practical deployment of "Yen-denominated stablecoins," providing subsidies for development related to use cases. The subsidy ratio is 2/3, with a maximum of 40 million yen per project, applications open until June 30. The official stated that they will conduct a comprehensive evaluation from the perspectives of social significance, innovation, feasibility, future adoption, and security and risk management, with a focus on anti-money laundering mechanisms, user protection, and response strategies in case of incidents or fraud. (Source: MLion)
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APuppyInTheWarmSun
· 7h ago
The 2/3 subsidy ratio is very attractive; startup teams can go for it.
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DepegDaydream
· 7h ago
Deadline is June 30th, the time is quite tight, need to hurry up and prepare the materials.
View OriginalReply0
WeekendGatekeeper
· 7h ago
Yen-denominated stablecoins are coming into use, which is a big benefit for cross-border payments
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GateUser-0f33f9ef
· 7h ago
Will Tokyo's recent moves cause the Japanese yen stablecoin to take off?
View OriginalReply0
ExitLiqNow
· 7h ago
Japan has finally taken serious action; a subsidy of 40 million yen is no small amount.
View OriginalReply0

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