According to a recent report, Japan's financial regulatory authority is preparing to grant approval for the country’s first stablecoin that is denominated in yen, marking a significant development in the nation’s digital currency landscape. This move could pave the way for enhanced innovation and growth within the financial technology sector in Japan, as stablecoins have gained increasing popularity globally for their ability to provide price stability in the increasingly volatile cryptocurrency market.
source: https://www.coindesk.com/policy/2025/08/18/japan-s-financial-regulator-to-approve-first-yen-denominated-stablecoin-report