Japan is set to launch its first fully collateralized, yen-backed stablecoin later this year, marking a significant shift in its previously passive stance on stablecoin technology. After establishing a regulatory framework for stablecoins two years ago, the Japanese market is now eager to catch up with global trends. Takashi Tezuka from Startale Group highlights the philosophical divide between Japan and the U.S. regarding stablecoin regulations. Monex Group is also considering a yen-backed stablecoin that could improve yen-denominated international remittances. Additionally, JPMorgan plans to invest in a crypto-friendly hedge fund and ETHZilla is planning stock buybacks after a substantial Ether purchase. KindlyMD has launched a $5 billion equity offering aimed at acquiring up to 1 million BTC, as it seeks to solidify its position in corporate Bitcoin holdings. These developments highlight Japan’s emergence in the stablecoin market and the growing influence of traditional financial institutions in crypto assets.

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