Japan Stablecoin Usage Soars as Country Advances Blockchain Integration

Japan is pushing ahead with its plans to integrate cryptocurrency into everyday life. The country's stablecoin usage has seen significant growth, with HashPort's HashWallet users reaching 1.15 million and a monthly transaction volume of over 9.2 billion won on their payment service HashPay.

The number of users on HashPay is increasing by more than 30% every month. Binance Japan is also accelerating the commercialization of stablecoins, with its global payment service 'Binance Pay' being used for QR payments and remittances in Japan.

The company plans to build a yen-coin ecosystem in Japan. Other payment methods are also diversifying, such as Slash Vision's 'Slash Card', which can be loaded with the dollar-based stablecoin USD Coin (USDC).

Japan's financial sector is entering a new stage where blockchain technology will be applied to actual services. The country's first cryptocurrency ETF is expected to launch by January 2028, according to SBI Global Asset Management.