Tokyo Metropolitan Government Launches Yen Stablecoin App Subsidy: Up to ¥40 million per Project

BlockBeats News, April 18. The Tokyo Metropolitan Government in Japan announced the launch of a business support program aimed at promoting the adoption of a "Yen-Pegged Stablecoin" in society. The program will subsidize related costs for use case development, with a subsidy rate of 2/3. The maximum amount for a single project is 40 million yen, and the application deadline is June 30. Officials stated that they will comprehensively evaluate the projects based on social significance, innovativeness, feasibility, future scalability, as well as security and risk management. They will particularly focus on anti-money laundering measures, user protection, and response policies in case of incidents/fraud. (Coinpost)