Japan's FSA just finalized rules allowing foreign trust-type stablecoins into its payment system — effective June 1, 2026. Foreign issuers can operate in Japan if their home jurisdiction meets Japanese licensing, AML, and same-currency reserve standards. Domestic issuers can now hold up to 50% of backing in short-term government bonds. ETH is at $2,027 here. Japan is the third-largest economy in the world. A regulated path for USDT, USDC, and yen-backed coins into Japanese payments infrastructure is a meaningful expansion of the stablecoin addressable market. Which stablecoin wins the Japanese market — dollar-backed or yen-backed? Just sharing my thoughts. Not financial advice. DYOR. #JapanBacksStablecoins #OKXOrbit