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Monex Group Plans Yen-Pegged Stablecoin Backed by Japanese Government Bonds
Monex Group Plans Yen-Pegged Stablecoin Backed by Japanese Government Bonds
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BTCCSquare news:
Monex Group, a prominent Japanese financial services firm, is advancing its digital finance strategy with plans to launch a yen-pegged stablecoin. The stablecoin will be backed 1:1 by Japanese government bonds, targeting global payments and corporate transactions. Chairman Oki Matsumoto emphasized the initiative's role in modernizing financial infrastructure and maintaining competitiveness.
Japan's evolving regulatory framework is creating fertile ground for stablecoin projects. Monex will leverage its subsidiaries, Coincheck and Monex Securities, to support the stablecoin's rollout. The MOVE aligns with growing global demand for stable digital assets in cross-border finance.
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