Japanese financial giant Monex Group is considering issuing a stablecoin pegged to the yen and plans to announce the acquisition of a European cryptocurrency company within the next few days. This indicates that traditional Japanese financial institutions are accelerating their layout in the Web3 field.

Japan's activities in the cryptocurrency space are becoming more frequent and in-depth. From government support to financial giants getting personally involved, a clear signal is that Japan does not want to fall behind in this wave of Web3. Issuing a yen stablecoin is a crucial step in seizing the local digital economy infrastructure.

Combined with the upcoming acquisition of a European cryptocurrency company, Monex's ambitions are clearly global. By walking on two legs of 'internal growth + external acquisition', it aims to quickly fill the gaps in technology and market landscape. Once a compliant stablecoin for the Japanese market is launched, it will greatly promote the popularization and innovative application of local crypto assets.