The Japan Financial Services Agency has officially recognized certain foreign-issued stablecoins as electronic payment methods, effective from June 1.

ChainCatcher reports that on May 19, Japan's Financial Services Agency announced revised "Cabinet Office Ordinances on Electronic Payment Instruments, etc.", clearly including trust beneficiary rights established under foreign laws with equivalent standards to Japan’s system into the scope of electronic payment instruments under Japan's Payment Services Act. This provides a legal basis for the compliant circulation of foreign-issued trust-based stablecoins within Japan. The new regulation will come into effect on June 1, 2026, and further clarifies that related foreign trust beneficiary rights are not regarded as securities under the Financial Instruments and Exchange Act.