Japanese Professionals Favor Bank-Issued Stablecoins Over Cryptocurrency-Tied Tokens

A growing interest in stablecoins has been observed among Japanese finance professionals, according to a recent survey by Nomura.

The study found that 63% of respondents see stablecoin use cases in the market, indicating a rising awareness of the product category. However, the same survey revealed a preference for stablecoins issued by major banks over those from crypto-native companies.

This trend may have implications for Ripple's RLUSD, as the company faces structural limits in Japan due to the country's regulatory framework. Under current rules, issuance is restricted to banks and trust companies, giving domestic financial groups a strong position.