Japan’s Monex Group Eyes Yen-Backed Stablecoin Launch - A Bold Move in Digital Finance

Monex Group charges into the stablecoin arena with yen-backed digital asset plans.

The Strategy Behind the Move

Japan's financial heavyweight leverages its regulatory expertise to bridge traditional finance with crypto innovation. The yen-pegged stablecoin targets both domestic efficiency and global market penetration.

Regulatory Landscape

Operating under Japan's progressive FSA framework, Monex navigates compliance hurdles that stymie competitors. Their existing brokerage infrastructure provides instant distribution channels most startups can only dream of.

Market Implications

Another institutional player enters crypto—because nothing says 'disruption' like traditional finance firms colonizing the revolution. The move signals growing acceptance of digital assets within established financial ecosystems.

When legacy finance finally adopts crypto, they'll still find a way to charge custody fees.

Japan Embraces Stablecoins

Japan’s Financial Services Agency (FSA) is preparing to allow Japanese yen stablecoins later this year, which would be the first domestic fiat-pegged stablecoin in the country. Earlier, Japan also approved the use of the US dollar-backed stablecoin USDC in March. These changes follow Japan lifting its ban on foreign stablecoins in 2023.

Stablecoins are also gaining attention worldwide. In the US, new laws have strengthened dollar-backed stablecoins, while in Japan, companies like JPYC and SBI Holdings are also entering the market.

SBI Holdings recently teamed with Ripple to introduce Ripple USD (RLUSD), a USD-backed stablecoin, in early 2026. The company has also collaborated with Circle to promote USDC and create digital finance services in Japan.

Also Read: Crypto Can Be a Part of Diversified Portfolios: Japan Finance Minister