Japan plans to issue #稳定币 ! JPYC is about to be issued, is the global financial landscape about to change?

If Japan officially issues a yen stablecoin #JPYC , it could bring subtle changes to the international financial landscape.

Currently, global stablecoins are almost monopolized by the US dollar (#USDT , #USDC, etc.), which has driven strong demand for US Treasury bonds and reinforced the dollar's global monetary hegemony.

If JPYC is realized and gradually expands to a scale of trillions of yen, it could not only provide new channels for cross-border payments and asset settlement for Japanese businesses and individuals, but may also gradually become the 'new buyer' of Japanese government bonds, like dollar stablecoins, indirectly boosting the Japanese bond market.

This means stablecoins could become part of national financial tools, allowing Japan to find a breakthrough in digital finance. Although it is still difficult to truly shake the dollar's dominant position, the emergence of JPYC at least makes the narrative of stablecoins no longer 'one dollar reigns supreme'.

The next stop for stablecoins - Tokyo?

Stay tuned