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

According to Mars Finance, Japan's Financial Services Agency (FSA) announced a revised Cabinet Office Ordinance on May 19th regarding electronic payment methods and other transaction operators. This revision explicitly includes trust beneficiary rights established under foreign laws equivalent to those in Japan within the scope of electronic payment methods under Japan's Payment Services Act, providing a legal basis for the compliant circulation of certain foreign-issued trust-type stablecoins within Japan. The new regulations will take effect on June 1, 2026, and simultaneously clarify that relevant foreign trust beneficiary rights are not considered securities under the Financial Instruments and Exchange Act.