Japan PIP Stablecoin Experiment Backed by Financial Services Agency

Japan’s Financial Services Agency backs a PIP stablecoin experimentation with aggregate banks. Japan’s Financial Services Agency (FSA) announces enactment for the Payment Innovation Project (PIP) stablecoin experimentation opening November 2025 successful Japan, involving Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi Corporation, Mitsubishi UFJ Trust and Progmat, Inc.; the FinTech Proof-of-Concept Hub launched PIP […]