coin-img-ETHETH-1.61%coin-img-BTCBTC-0.75%coin-img-SOLSOL-2.49%coin-img-XRPXRP-2.42%coin-img-USDCUSDC-0.03%coin-img-KFCKFC+21,231.67%coin-img-DOGEDOGE-1.66%coin-img-ADAADA-4.62%coin-img-ETHETH-1.61%coin-img-BTCBTC-0.75%coin-img-SOLSOL-2.49%coin-img-XRPXRP-2.42%coin-img-USDCUSDC-0.03%coin-img-KFCKFC+21,231.67%coin-img-DOGEDOGE-1.66%coin-img-ADAADA-4.62%coin-img-ETHETH-1.61%coin-img-BTCBTC-0.75%coin-img-SOLSOL-2.49%coin-img-XRPXRP-2.42%coin-img-USDCUSDC-0.03%coin-img-KFCKFC+21,231.67%coin-img-DOGEDOGE-1.66%coin-img-ADAADA-4.62%coin-img-ETHETH-1.61%coin-img-BTCBTC-0.75%coin-img-SOLSOL-2.49%coin-img-XRPXRP-2.42%coin-img-USDCUSDC-0.03%coin-img-KFCKFC+21,231.67%coin-img-DOGEDOGE-1.66%coin-img-ADAADA-4.62%
user-avatar
Jamie Redman

Japan's Payment Services Act and bank-led stablecoins map a 2028 issuance goal

Japan revised its Payment Services Act in June 2023 and continued updates through 2026, positioning fiat-pegged stablecoins as regulated payment instruments mainly for institutional use. The framework supports a three-tier issuer model, while Project Pax backed by MUFG, SMBC, and Mizuho aims for 1 trillion yen in B2B stablecoin issuance by 2028. Milestones cited include JPYC receiving a Type II license in October 2025 and JPYSC being announced in late 2025 with a Q2 2026 target.
BTC
BTC-0.78%
ETH
ETH-1.44%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Stablecoin