Japan’s FSA Opens Public Consultation on Stablecoin Collateral Rules $AXS

Japan’s Financial Services Agency has launched a public feedback process on proposed guidelines for which bond types can be used as stablecoin collateral. As reported by ChainCatcher, responses will be accepted until February 27, 2026. $PUMP

The move supports the 2025 Payment Services Act, aiming to clearly define issuers’ reserve rights under “specific trust beneficiary” rules. $DCR Once finalized, these standards will determine the asset structure of all regulated yen-backed stablecoins issued in Japan.