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Crypto
Japan FSA approves trade settlement stablecoin pilot with three megabanks
Japan\'s Financial Services Agency has approved a fourth pilot project to use stablecoins for cross-border trade settlements, expanding tests into trade finance. The project will be led by TradeWaltz and involves Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking Corp, among others. The initial scope covers receivables purchases and settlement between exporters and banks. The pilot begins in September 2026, with a trust-based yen stablecoin expected for commercial use in the fiscal year ending March 2027.
Crypto
Stablecoins gain momentum as battle for digital payments ecosystem intensifies
A global contest over digital currencies is gathering pace as stablecoins expand beyond crypto markets into payments and remittances. The United States is moving to fold stablecoins into federal regulation, while the European Union and Japan are taking more restrictive approaches aimed at financial stability. South Korea has begun debating rules for won-linked stablecoins, while the Bank of Korea is pushing ahead with its CBDC and deposit-token pilot, Project Hangang, amid concerns over monetary policy and user protection.
Crypto
American Airlines surprised by efficiency gains after adopting Ripple solution
American Airlines said operational efficiency improved more than expected after adopting Ripple\'s enterprise finance solution, Ripple Treasury. The carrier said it unified previously dispersed finance management tasks on a single platform, increasing cash visibility and automation and allowing staff to focus on other priorities. It reported global cash visibility rose from about 65 to 99 and automated accounting from about 50 to 90, saving up to 20 percent of finance team time.
