Tokyo has started pouring real money into stablecoins, with subsidies of up to 40 million yen, a level of support considered aggressive even in Asia.

ME News Report, April 18 (UTC+8), Tokyo announced the launch of a corporate support program aimed at the practical implementation of "Yen-denominated stablecoins" in society, providing subsidies for development related to use cases. The subsidy ratio is 2/3, with a maximum of 40 million yen per project, and applications are open until June 30. The official stated that they will conduct a comprehensive evaluation from the perspectives of social significance, advancement, feasibility, future adoption, as well as 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)