๐ฏ๐ต Breaking News: Japan's Monex Group is considering launching a stablecoin pegged to the yen!
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๐ข What's new?
* Japan's Monex Group is considering launching a stablecoin linked to the yen, according to its CEO, Oki Matsumoto.
* Matsumoto confirmed that this move is essential to stay ahead in the global digital finance sector.
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๐ก Why does this matter?
* This trend shows that traditional Japanese financial institutions are starting to strongly embrace digital assets.
* If launched, a yen-pegged stablecoin will facilitate financial transactions, cross-border payments, and enhance the spread of decentralized finance (DeFi) in Japan.
* This development reflects a more welcoming regulatory environment for stablecoins in Japan, which could open the door to further innovation.
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โ Do you think a yen-pegged stablecoin will enhance Japan's position as a global hub for digital assets?
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