-
Japan Endorses Stablecoin Initiative by Big Banks, Signaling Shift Toward Digital Finance Integration
Japan’s financial authorities are embracing digital currency innovation with a major announcement on Friday: Finance Minister Satsuki Katayama confirmed that the Financial Services Agency (FSA) will support a joint initiative by Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho Financial Group to issue stablecoins. The project represents a unified move by Japan’s top banking institutions to modernize cross-border transactions and digitize payments, traditionally dominated by cash and credit cards in the country. The FSA, tasked with supervising financial regulations, will evaluate the legal and operational framework of ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From morningstar.com | Nov 6, 2025
In July, Congress passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, better known as the GENIUS Act, which has introduced a regulatory framework for U.S. dollar (USD) DXY payment stablecoins. Some analysts predict a multi-trillion-dollar stablecoin market by 2030, up from roughly $300 billion worth of USD stablecoins in ...
With a social-media post that said “STOP LYIN” about there being an affordability crisis, President Trump claims he’s whipped inflation. But consumers are still feeling the squeeze. Target’s prices are up 5.5% nationwide this year and Walmart’s are up 5.3%, according to an analysis by DataWeave, which looked at roughly 16,000 items across each retailer’s ...
Employment increased by 67,000 (+0.3%) in October, the second consecutive monthly increase, and the employment rate rose 0.2 percentage points to 60.8%. The unemployment rate declined 0.2 percentage points to 6.9%. Employment growth was concentrated among men aged 25 to 54 years old (+33,000; +0.5%) and youth aged 15 to 24 years old (+21,000; +0.8%). There ...
