Japan's FSA to Support Stablecoin Trade Settlement Pilot Starting September 2026

The Financial Services Agency (FSA) of Japan announced that its Fintech Proof-of-Concept Hub will support a new project focused on stablecoin-based trade settlements. Participants include TradeWaltz, NTT DATA, Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mitsubishi UFJ Trust and Banking. The pilot, scheduled to begin in September 2026, aims to verify practical applications of stablecoins in trade finance and identify relevant legal issues. Findings regarding compliance, regulatory responses, and legal interpretations for public services will be published on the FSA website following the experiment.