Coincheck Parent Company Monex Weighs Yen-Pegged Stablecoin Issuance

Japanese brokerage group Monex is considering launching a yen-pegged stablecoin and accelerating plans for overseas acquisitions in the crypto sector, signaling its ambition to strengthen its role in global digital finance. Monex Chairman Oki Matsumoto told TV Tokyo that issuing a stablecoin requires significant infrastructure and capital. Yen-Pegged Stablecoin Under Consideration Matsumoto emphasized that such a step has become unavoidable as global financial markets rapidly adapt to digital currencies, saying, “Without tackling stablecoins, we cannot keep up with the world. “ Monex Group, founded in Tokyo in 1999, has grown into a global online securities firm and fintech platform source: https://beincrypto.com/japans-monex-weighs-yen-pegged-stablecoin-issuance/