Tokyo launches support program for yen-pegged stablecoin companies

ME News Report: On April 18 (UTC+8), Tokyo announced the launch of a corporate support program for the social rollout of “yen-denominated stablecoins.” The program provides subsidies for related expenses, such as developing use-case scenarios. The subsidy ratio is 2/3, with a maximum of 40 million yen per project. Applications are due by June 30. The official said it will conduct a comprehensive assessment across dimensions including social significance, innovation, feasibility, future adoption, and security and risk management, with particular focus on anti-money laundering mechanisms, user protection, and response policies in the event of incidents or fraud. (Source: MLion)
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TreatMemesAsBeliefs
· 7h ago
From the subsidy ratio of 2/3, we can see the official attitude: You go ahead first, I’ll bear most of the risk, but you have to follow my rules.
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BalanceScreenshotAfterTheRain
· 7h ago
Is the Japanese yen stablecoin finally set to launch? Focus on anti-money laundering and user protection—regulatory frameworks are more difficult than the technology.
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LatencyMonk
· 7h ago
Focus on policies for accident or fraud response; this means treating stablecoins as a payment infrastructure rather than just pure crypto gameplay.
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ContrarianIndicatorBonsai
· 7h ago
This round of subsidies in Tokyo is pretty decent—up to 40 million yen, covering two-thirds of the costs—and the project team has really gone for it.
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BudgetDeFi
· 7h ago
If yen-denominated stablecoins truly become popular, it would be beneficial for cross-border payments and DeFi, but the prerequisite is that they don't collapse like UST.
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GateUser-cf218ace
· 7h ago
A single project has a maximum of 40 million, which works out to roughly $260,000 in USD. Big projects may not be that impressive, but it’s enough for startups.
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L2Sprinter
· 7h ago
MLion's news, Tokyo personally steps in to support, the Japanese yen stablecoin race is heating up.
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