24 days ago
(E)
Japan's top 3 banks launch stablecoin pilot with regulatory support. Japan's Financial Services Agency announced Friday it will support a stablecoin pilot project by the country's three largest banks, marking the first initiative under the agency's newly established Payment Innovation Project as the nation seeks to modernize its corporate payment infrastructure. MUFG Bank, Sumitomo Mitsui Banking Corp., and Mizuho Bank will jointly test the issuance of yen-backed stablecoins as electronic payment instruments, with trials beginning this month and running for the foreseeable future #JapanFinance #stablecoin #DigitalYen #Fintech #BankingInnovation #MUFG #Mizuho #SumitomoMitsui #FSA https://www.nippon.com/en/...
3 Japanese Banks to Receive State Support over Stablecoin Test | Nippon.com
Tokyo, Nov. 7 (Jiji Press)--Japan's Financial Services Agency said Friday that it will support a pilot project…
https://www.nippon.com/en/news/yjj2025110700900/
1 month ago
(E)
China halts Alibaba, JD.com stablecoin plans. Major Chinese technology companies including Alibaba-backed Ant Group and e-commerce giant JD.com have suspended their stablecoin development projects following direct regulatory intervention from Beijing authorities, sources revealed this weekend. #ChinaTech #Stablecoins #DigitalCurrency #PBOC #AntGroup #JDcom https://www.perplexity.ai/...
2 months ago
EU moves to ban Russian ruble stablecoin A7A5 #eu #russiaban #stablecoin https://www.perplexity.ai/...
Sanctions-Defying Ruble-Backed Stablecoin Explodes to $500M – Is This Russia’s Answer to the Dollar?
A new Russian-linked stablecoin, A7A5, has surged to a $500 million market capitalization, becoming the world’s largest non-U.S. dollar stablecoin despite multiple international sanctions.The stablecoin, issued in Kyrgyzstan and pegged 1:1 to the Russian ruble, now accounts for roughly 43% of the to..
https://finance.yahoo.com/news/sanctions-defying-ruble-backed-stablecoin-203815996.html
