Good strategy, it has power now to regulate CRYPTO activity, moreover it gives a sense of belonging to the activity

🇯🇵 Japan greenlights the first stablecoin linked to the yen

Japan's Financial Services Agency (FSA) is set to approve this fall the issuance of the country's first stablecoin backed by the yen. 🚀

The fintech company JPYC will be the pioneer, with a value of 1 JPYC = 1 yen, and it will be backed by assets such as Japanese government bonds and bank deposits.

This move could have a significant impact on Japan's bond market, as stablecoin issuers could become important buyers of government debt.

The approval marks an important milestone, as until now the stablecoin market has been dominated by assets linked to the US dollar. 💪