Japan’s Monex Group Considers Launching Yen-Pegged Stablecoin

Monex Group Plans Launch of Yen-Pegged Stablecoin and Eyes European Crypto Expansion Amid Regulatory Shift in Japan

Monex plans to launch a yen-backed stablecoin as Japan prepares to approve local digital currencies. Japan’s new stablecoin rules open the door for trusted financial firms to join the crypto market. Monex is expanding into Europe with a planned crypto firm acquisition to grow its global presence. Tokyo-based financial services firm Monex Group is preparing to launch a Japanese yen-pegged stablecoin. The company is aligning with Japan’s recent re…

Monex Group considers launching yen-pegged stablecoins

Monex Group Stablecoins

Monex Stablecoin Move Signals Japan’s Push Into Digital Finance

Monex Plans Yen-Pegged Stablecoin for Japan’s Digital Market

Monex plans a fully collateralized yen stablecoin to expand Japan’s digital payment use. It uses Coincheck and Monex Securities for infrastructure, expanding globally via EU acquisition.  Japan enters the $270B global stablecoin market, currently dominated by USD tokens. Monex Group, a Tokyo-based financial services company, has announced that it is considering issuing a stablecoin pegged to the Japanese Yen. Assets, including Japanese governmen…

Japan’s Monex Weighs Yen-Pegged Stablecoin, Eyes European Acquisitions - FinanceFeeds

Monex Group, a Tokyo-listed financial services company, is considering launching a stablecoin tied to the Japanese yen as regulators prepare to open the door to domestic fiat-pegged tokens, Chairman Oki Matsumoto said in a televised interview this week. “Issuing stablecoins requires significant infrastructure and capital, but if we don’t handle them, we’ll be left behind,” Matsumoto told TV Tokyo. He added the company would “respond properly” as…

Monex Group Weighs Yen-Backed Stablecoin, Plans European Crypto Acquisition

Monex Group is considering launching a yen-pegged stablecoin and is in final talks to acquire a European crypto-related company. Chairman Oki Matsumoto said in a TV Tokyo interview that the group must act on stablecoins or risk falling behind.Yen-Pegged Digital Currency on the HorizonMatsumoto said Monex is considering issuing a stablecoin backed by Japanese government bonds and redeemable one-to-one with the yen. He pointed to international rem…