Bank of Japan Advocates for Stablecoin Integration in Global Finance
The Bank of Japan has underscored the transformative potential of stablecoins in modernizing the global financial system. Deputy Governor Ryozo Himino highlighted their capacity to rival traditional bank deposits, citing superior transaction speed, cost efficiency, and round-the-clock functionality.
Japanese regulators are advancing reforms to facilitate stablecoin adoption, with major banks like MUFG, SMBC, and Mizuho preparing yen-pegged digital currency offerings. This institutional momentum signals a pivotal shift toward digital asset integration in mainstream finance.