Regulation· ★★★· bullish·

Japan's Digital Agency weighs stablecoins for public benefit payouts

  • —The agency will assess programmability to improve the reliability and efficiency of benefit payments
  • —It will draw on its expertise in digital identity verification and wallet management
  • —Relevant ministries and outside experts will be involved in the review
Why it matters: A government payout pilot would give stablecoins their first major public-sector use case in Japan and bolster tokenized money's legitimacy.
Source: CoinDesk Japan
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