Japan's Finance Minister, Satsuki Katayama, has publicly endorsed the integration of blockchain technology in securities settlement and the use of stablecoins, potentially enhancing the prospects for XRP and Ripple USD (RLUSD). During a press conference on February 13, Katayama confirmed government backing for a Financial Services Agency (FSA) project aimed at linking securities settlement to stablecoin payments, thereby increasing trading efficiency. This initiative is part of Japan's broader strategy to modernize its financial infrastructure and maintain a leading position in global financial innovation.
SBI Holdings, a key player in this initiative, has received government support for its blockchain-based settlement system, which could expedite market processes using blockchain and stablecoins. SBI's longstanding partnership with Ripple, including plans to launch RLUSD in Japan by Q1 2026, aligns with these policy directions. The stablecoin, backed by U.S. dollar deposits and government bonds, is set to enhance cross-border remittance services. The Finance Ministry's support signals a significant step towards regulatory acceptance of blockchain finance in Japan, potentially boosting demand for related infrastructure and assets like XRP and RLUSD.
Japan's Finance Minister Endorses Blockchain Settlement and Stablecoin Use
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