According to @Visa and @Dune, non-USD stablecoin transfer volume has increased 16x in three years, while unique holders have grown 30x.
In tandem with bank-issued eUSD, multi-currency Digital Cash is the foundation for global remittances and payments.
https://t.co/lDdKEw59ll
🇯🇵💴 Japan is taking another major step toward integrating stablecoins into its financial system.
Following the implementation of Japan's new foreign stablecoin framework on June 1, Telcoin has welcomed the regulatory changes, which allow certain foreign-issued stablecoins to be recognized as official electronic payment instruments. The framework, introduced by Japan's Financial Services Agency (FSA), also provides greater regulatory clarity by ensuring qualifying stablecoins are not treated as securities.
For Telcoin, the development is particularly significant because its eJPY stablecoin could potentially benefit from the new framework, opening the door to broader adoption and use cases within Japan's digital payments ecosystem.
The move is being viewed as another sign of Japan's increasingly proactive approach to blockchain innovation and digital asset regulation.
As of today, Japan's FSA recognizes foreign stablecoins as electronic payment instruments.
We're excited to see how we can bring eJPY to market under this framework.
https://t.co/DAnELfUYhF