Hi TOKIANs, how are you doing?

The energy that’s about to explode is in the air. In just a short span, the SEC launched “Project Crypto”, the U.S. passed the GENIUS Act, rolled out a 401(k) Crypto Inclusion Policy, and Circle announced its IPO—all happening almost at once. The result? ETH and BTC are knocking on the door of their ATHs, and Stablecoin Summer has arrived!

It’s clear to me that stablecoins are becoming one of the most important instruments for any country looking to accelerate the evolution of its digital financial economy. And right now, more and more nations are moving at full speed to establish their own initiatives.

After early movers like the EU, Singapore, and Japan, we’re now seeing fresh momentum from others:

• United States – GENIUS Act with licensing and reserve requirements, the biggest move!
• Hong Kong – Stablecoin Ordinance under HKMA oversight – One of our partners, IDA, is a front runner!
• South Korea – Digital Asset Basic Act proposals and bank-led won-pegged pilots – FSL, FairSquare Lab, the go-to tech partner for multiple major banks, joined Project Pax!
• United Kingdom – Draft regulations for issuance and custody
• UAE – Plans for a dirham-backed stablecoin under existing licensing frameworks

And this is still just the beginning. I believe we’ll see even more activity in the second half of 2025 and into 2026.

Of course, for these stablecoins to serve as true payment rails, they must work seamlessly across ecosystems and be usable for any purpose. That means the market will demand cross-chain infrastructure and global unified liquidity. Just as importantly, those players will want the ability to operate and control it without any constraints like today’s internet, rather than being locked into a single third-party vendor.

This is exactly where we come in. With infrastructure powered by IBC and LCP, stablecoin issuers can deploy and manage their connection directly, with the flexibility and sovereignty they need.

Given that, it’s no surprise that many stablecoin issuers are eager to collaborate with us. And with this market momentum, combined with our strong presence in Japan, we’ve just announced something special: Japan Stablecoin Summit 2025.

This will be a premier event representing the Japanese stablecoin dynamics, including RWA. In Japan, we’re seeing a wave of stablecoin-related initiatives — and, unlike in most other markets, the majority are being driven and announced by leading financial institutions. This is not just a sign of participation, but of commitment: Japan is moving with exceptional focus and seriousness to build the next-generation financial rails, setting a benchmark for others to follow and lasting for decades.

If all goes well, we’ll be welcoming a special guest from one of our sponsors to join in the coming monthly sessions🚀

Let me highlight some representative initiatives associated with the Japan Stablecoin Summit.

• Progmat – MUFG’s cutting-edge stablecoin issuing platform for fully compliant yen stablecoins, partnering with Binance Japan and more.
• JPYC – Japan’s multi-chain yen stablecoin pioneer, backed by Circle Ventures.