Tokyo has started putting real money into stablecoins—up to a maximum of 40 million yen. This wave looks like it’s genuinely trying to get the rhythm right for running yen on-chain payments.

ME News Report, April 18 (UTC+8), Tokyo announced the launch of a corporate support program aimed at the practical deployment of "Yen-denominated stablecoins," providing subsidies for related expenses such as development of 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)