Japan is expected to approve its first yen-pegged stablecoin this year through the Financial Services Agency to help stabilise the local financial system. South Korea’s Financial Services Commission plans to introduce a won-pegged stablecoin bill as early as October, working alongside the Virtual Asset User Protection Act. China is reportedlyContinue Reading
Japan’s Financial Services Agency is expected to approve the country’s first yen-pegged stablecoin in late 2025, led by Tokyo-based firm JPYC. The stablecoin will maintain a 1:1 value with the yen and be backed by liquid assets including bank deposits and Japanese government bonds. JPYC’s spokesperson argues the stablecoin couldContinue Reading
SBI Holdings announced plans to launch Japan’s first cryptocurrency ETFs, including a Bitcoin/XRP fund and a hybrid fund with 51% gold and 49% crypto allocations. The company is expanding into stablecoins, particularly JPY-backed versions, to strengthen the Japanese Yen’s stability and creditworthiness. SBI expects significant future gains from its 9%Continue Reading
