Bank of Japan Deputy Governor: Stablecoins Could Become Key Players in Payment Systems, Partly Replacing Bank Deposits
2025-10-21 04:32:06
Ryozo Himino, deputy governor of the Bank of Japan, said recently that stablecoins could become a key player in the global payment system, partially replacing bank deposits. Half of the assets in the global financial system are held by non-bank Financial Institutions Group. Regulators have done a lot in these areas, but there is still a lot of work to be done. (Jin Ten)
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