Japan and South Korea Accelerate Local-Currency Stablecoin Development
- Japan's Stablecoin Market: Japan has legalized stablecoins as 'Electronic Payment Instruments' under its amended Payment Services Act, with JPYC gaining legal recognition in 2025, enhancing financial stability and compliance.
- Interbank Settlement Pilots: Major Japanese banks like MUFG and SMBC are running pilot programs using stablecoins and tokenized deposits to improve cross-border corporate transfers and bank liquidity, modernizing financial infrastructure.
- Regulatory Challenges in South Korea: South Korea faces delays in passing the Digital Asset Basic Act until 2026 due to a power struggle between the Bank of Korea and the Financial Services Commission, yet projects like KRW1 indicate a retail-driven demand for stablecoins.
- Path Toward Multi-Currency Stablecoins: Although local-currency stablecoins currently represent a small fraction of global supply, the distinct development paths of Japan and South Korea suggest a strategic move towards reducing dollar dependence and potentially creating a multi-currency stablecoin corridor in Asia.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00289 | 0.00632 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0486 |
| Fibonacci | 0.00632 | 0.0129 | 0.0169 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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