Japan's stablecoin initiatives reflect a broader global trend, with markets such as the US, South Korea and Hong Kong, among others, advancing stablecoin regulations and accelerating adoption

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South Korean banks have also entered the sector, launching stablecoin initiatives through regulated channels, while in the United States, lawmakers have been pushing to finalize a federal regulatory framework

Countries such as the U.S. are racing to establish stablecoin legislation, while Hong Kong’s rules are set to take effect next month. In South Korea, traditional financial institutions have begun launching their own stablecoin initiatives.