Japan is starting to explore putting government bonds on-chain
The Financial Services Agency released minutes from a meeting today
Held on September 30, it focused specifically on on-chain finance
Around the table were the Ministry of Finance, the Bank of Japan,
and the Japanese Bankers Association
The Ministry of Finance said a study group on putting government bonds on-chain
will start in October
The Bank of Japan is testing
settling funds banks hold at the central bank on-chain
The Financial Services Agency also shared some figures
Global stablecoins total about $310 billion
83% are dollar-backed
Yen stablecoins were also on the agenda this time
The roadmap won't be published until early 2027
They’re still working out the steps
As dollar-backed stablecoins like $USDC keep growing,
not a single exchange was on the attendee list
Japan plans to have banks build out this chain
#日本金融厅发布链上金融纪要 $USDC
The Financial Services Agency released minutes from a meeting today
Held on September 30, it focused specifically on on-chain finance
Around the table were the Ministry of Finance, the Bank of Japan,
and the Japanese Bankers Association
The Ministry of Finance said a study group on putting government bonds on-chain
will start in October
The Bank of Japan is testing
settling funds banks hold at the central bank on-chain
The Financial Services Agency also shared some figures
Global stablecoins total about $310 billion
83% are dollar-backed
Yen stablecoins were also on the agenda this time
The roadmap won't be published until early 2027
They’re still working out the steps
As dollar-backed stablecoins like $USDC keep growing,
not a single exchange was on the attendee list
Japan plans to have banks build out this chain
#日本金融厅发布链上金融纪要 $USDC