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Why Japan’s Stablecoin Push May Be the Most Practical Crypto Story in the World Right Now

Japan’s biggest financial institutions are quietly dismantling the correspondent banking system using stablecoins, and the infrastructure is already live. Key Takeaways: Japan’s Payment Services Act, revised in June 2023...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Why Japan’s Stablecoin Push May Be the Most Practical Crypto Story in the World Right Now
Japan’s biggest financial institutions are quietly dismantling the correspondent banking system using stablecoins, and the infrastructure is already live. Key Takeaways: Japan’s Payment Services Act, revised in June 2023 and updated through 2026, created the world’s strictest stablecoin issuer rules. Project Pax, backed by MUFG, SMBC, and Mizuho, targets 1 trillion yen in B2B stablecoin […]

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This maps to the Stablecoins hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.

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