The Asia Web3 Alliance Japan (AWAJ) joins hands with Stablecoin Standard to mutually  collaborate to explore and promote Stablecoin usage, safety, and awareness. This collaboration will combine AWAJ’s regional network with Stablecoin Standard’s industry knowledge to promote responsible stablecoin development, education, and policymaking.

What is Asia Web3 Alliance Japan?

Asia Web3 Alliance Japan is an organization dedicated to connecting the Asian Web3 ecosystem with Japan’s dynamic business community. It is Japan’s first foreign-representative Web3 association, established to represent and collaborate with policymakers, associations, academics, experts, and members to create an inclusive framework in Asia and Japan that supports and promotes Web3 innovation for both global and Japanese Web3 companies.

AWAJ aims to create and promote genuine and regular Stablecoin users in Japan  and  other significant global markets such as the United States, Africa, the Middle East, Europe, and Asia.

Stablecoin Subcommittee Launch

AWAJ recently established the Stablecoin Subcommittee, which brings together associations, governments, academics, policymakers, and influential organizations to strengthen the regulatory structure. Japan is actively working on Stablecoin adoption, with the government proactively supporting it domestically.

What is Stablecoin Standards?

Stablecoin Standard is an industry body dedicated to bringing stability and trust to the world of cryptocurrencies, focusing on Stablecoins. Founded in 2022, the Stablecoin Standard aimed at bringing together the stablecoin industry as a whole to educate, inform and move forward in the industry through shared initiatives.

To achieve this goal, the company has developed industry-wide standards for responsible Stablecoin issuance, operation, and redemption. Their team comprises industry experts from every corner of the stablecoin ecosystem, boasting expertise from some of the biggest names in crypto.. They share best practices, business development use cases, and industry-led working groups. 

AWAJ x Stablecoin Standards: Shared Purpose

Stablecoins emerged as a cornerstone in the cryptocurrency landscape, offering a reliable bridge between traditional finance and the digital economy. With their value attached to real-world assets, stablecoins is an ideal approach for payments, safeguarding against inflation, and empowering decentralized finance (DeFi) applications.

In a significant development for the industry, AWAJ and Stablecoin Standards have come forward to enhance awareness, adoption, and safety across stablecoin ecosystems.The collaboration aims to:

Promote Best Practices: By fostering knowledge sharing and collaboration among members, the initiative seeks to establish industry standards for stablecoin issuers, ensuring adherence to minimum requirements especially in the Japanese market.

Advocate Industry Voices: Through strategic partnerships and engagement with policymakers and regulators, the collaboration focuses on to become a unified voice, advocating for regulatory clarity and guidance to use Stablecoin.

Drive Adoption and Awareness: By using AWAJ’s expertise in promoting Web3 technologies in Japan and Asia, the collaboration aims to introduce and promote stablecoin standards in these regions. 

AWAJ X Stablecoin Standard 2024 Agenda

AWAJ and Stablecoin Standards will empower each other’s visibility in their respective industry and regions.

The companies will collaboratively explore initiatives related to stablecoins such as:

• Policy-making for the safety of customers and their transactions.
• Research projects to get detailed insights into the stablecoins.
• Educational programs to increase awareness and prepare upcoming professionals about stablecoins.
• Advocacy efforts in Japan and Asia to foster positive change and build community for stablecoins.
• Arranging podcasts, webinars, and Twitter space to discuss the potential opportunities related to stablecoins.

Asia Web3 Alliance Japan encourages Web3 initiatives in Asia and Japan. Stablecoins are an excellent approach to encourage the safer and more responsible use of cryptocurrency. By collaborating with Stablecoins Standards, the association hopes to promote stablecoins in Japan, Asia, and other countries so that they can be employed by everyone. Both will work on several projects to accomplish their mission which is to raise global awareness of Stablecoins.