Japan’s FSA Seeks Public Input on Stablecoin Reserve Bond Requirements
Japan's Financial Services Agency has opened a public comment period until February 2026 regarding eligible bonds for stablecoin reserves. The MOVE aims to refine rules under the amended Act on Fund Settlement, ensuring stability through high-quality assets like Japanese Government Bonds.
The draft notice clarifies protections for stablecoin holders through specified trust beneficiary rights. By restricting reserves to liquid, high-grade securities, the FSA creates a safeguarded environment resembling traditional banking rather than volatile crypto markets.