The Japan Financial Services Agency supports the stablecoin trade settlement empirical project, which is expected to be launched in September 2026

The Japan Financial Services Agency announced its support for the fourth payment enhancement project, with applicants including TradeWaltz, NTT DATA, Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mitsubishi UFJ Trust Bank. The empirical plan will be carried out from September 2026 to verify the practical response and legal issues of using stablecoins in trade transaction fund settlement. After the experiment is completed, the Japan Financial Services Agency will publish the results of compliance and regulatory response and legal interpretation on its official website.