PANews reported on April 17 that, according to the "Guideline for the Delivery of Subsidies for Stablecoin Social Implementation Promotion Projects" released by the Tokyo Metropolitan Government's Bureau of Industry, Labor and Welfare, the Tokyo Metropolitan Government will provide subsidies to companies that utilize issued yen-denominated stablecoins to address social issues or improve the convenience of payments and remittances. The subsidy amount for each project will not exceed two-thirds of the recipient's budget, with a single maximum of 40 million yen (approximately US$251,000). Subsidies cover external platform usage fees, expert consultation and auditing fees, and system development fees. Applicant companies must have a registered headquarters or branch office in Tokyo, and the project must be implemented or verified before the end of the fiscal year in which the delivery decision is made. The subsidy does not include the issuance of stablecoins themselves, but it does include projects that entrust a third party to issue stablecoins and create use cases using them.