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Tokyo launches support program for yen-pegged stablecoin companies

MeNews
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, applications 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)
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LiquidityBarista
· 15h ago
Deadline at the end of June, those who want to apply need to hurry, the evaluation criteria are quite comprehensive.
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GateUser-dd8dffab
· 15h ago
Tokyo has started investing money to develop a Japanese yen stablecoin, with a cap of 40 million yen and a subsidy ratio of 2/3. This is quite a significant move.
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GateUser-88d5d071
· 15h ago
MLion news is reliable—this round of support is expected to attract quite a few companies to get involved.
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MountainBeforeTheStorm
· 15h ago
40 million yen sounds like a lot, but when converted to USD, it's only about $260k. Not enough for big projects.
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GateUser-de2a15eb
· 15h ago
Anti-money laundering and user protection have become key evaluation points; it seems Japan has learned its lesson.
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GateUser-ced0257a
· 15h ago
Subsidy 2/3, the company's actual burden drops to 1/3, and the leverage effect is obvious
View OriginalReply0
NonceNina
· 15h ago
From USDT to Japanese Yen stablecoins, East Asian stablecoin competition heats up
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PrivateKeyInAGlassBottle
· 15h ago
Focus on incident response; Japanese regulation still follows the same risk-prioritization logic.
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RetroKeysAndPositions
· 15h ago
Social significance + advanced features + feasibility—these evaluation criteria are very Web3.
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MountainSilhouetteBeforeThe
· 15h ago
Up to 40 million, enough for a small team to tinker for a year. Envious.
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