On August 27, Tokyo-listed company and financial services company Monex Group announced that it is considering launching a yen-pegged stablecoin.
According to Monex Group, the proposed yen-linked stablecoin will be backed by assets such as Japanese government bonds and can be exchanged for yen at a 1:1 ratio. Potential applications include cross-border remittances and corporate settlements.
Monex Group, which owns Japanese cryptocurrency exchange Coincheck and operates a local brokerage business, plans to use these two business segments to advance stablecoin projects.
Japanese financial firm Monex Group is considering launching a yen-pegged stablecoin
2025-08-27 06:12:30
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