Convano Inc., a Japanese nail salon chain, is set to launch a stablecoin pegged to the yen, aiming to achieve legal compliance by the end of December 2027. The firm will collaborate with money transfer providers and the cryptocurrency exchange FINX JCrypto to build a robust platform.
An initial investment of 50 million yen will kick off Convano’s stablecoin project, which is expected to launch on September 1, 2025. Currently, Convano holds around 365 Bitcoins, valued at approximately 6.4 billion yen.
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