Japan Set to Launch First Yen-Backed Stablecoin This Fall

Summary: How could Japan’s yen-backed stablecoin affect the crypto market? The introduction of a yen-backed stablecoin could increase legitimacy and regulatory clarity for digital assets. This may encourage more institutional and retail investors to participate in crypto markets. Higher adoption and liquidity could benefit the broader ecosystem and create new opportunities for DeFi and payment applications. Japan’s Financial Services Agency (FSA) has announced it will approve the country’s first yen-backed stablecoin, enabling fiat-backed digital tokens as early as this fall source: https://news.shib.io/2025/08/18/japan-set-to-launch-first-yen-backed-stablecoin-this-fall/