Japan has been shifting towards permitting stablecoins. Following the collapse of multibillion-dollar algorithmic stablecoin issuer Terra in 2022, parliament handed a set of stablecoin-specific guidelines centered on investor safety. The federal government additionally plans to permit stablecoins issued outdoors the nation to be listed on native exchanges. Moreover, new guidelines to be applied in June will permit Japanese exchanges to use for a particular license to commerce stablecoins.
