Japan Yen Stablecoin Regulatory Clarity
Regulatory clarity and approval for public blockchain transfers of yen stablecoins will unlock institutional adoption and cross-border settlement demand
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
"The Bank of Russia has proposed Bitcoin, Ethereum and Tether's USDT for public trading on regulated exchanges. The proposal follows a new law that gives the central bank authority to decide which digital currencies can enter organized markets."
"Public blockchains transfers will start when the legal, regulatory and tax aspects are clarified and approvals are granted...Potential applications include foreign exchange liquidity pools, settlement of tokenized real-world assets, and institutional lending markets."