Post with hashtag #JapanFSABacksFourthStablecoinTradeSettlementPilot:
Japan’s Financial Services Agency has backed its fourth stablecoin-focused pilot, this time testing whether stablecoins can settle funds in cross-border trade transactions. The project involves TradeWaltz, NTT Data, Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation and Mitsubishi UFJ Trust and Banking Corporation.
The trial began in September and will examine practical workflows, legal issues and regulatory requirements, including settlement triggered by bank approval of export-receivables purchases. Results will help the FSA assess whether stablecoins can support broader trade-finance settlement in Japan.
Japan’s Financial Services Agency has backed its fourth stablecoin-focused pilot, this time testing whether stablecoins can settle funds in cross-border trade transactions. The project involves TradeWaltz, NTT Data, Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation and Mitsubishi UFJ Trust and Banking Corporation.
The trial began in September and will examine practical workflows, legal issues and regulatory requirements, including settlement triggered by bank approval of export-receivables purchases. Results will help the FSA assess whether stablecoins can support broader trade-finance settlement in Japan.