Monex Group is exploring a yen-pegged stablecoin, emphasizing infrastructure and capital needs. The chairperson, Oki Matsumoto, stated that without addressing this, they risk falling behind in digital finance.
In addition to the stablecoin, Monex is considering acquiring European crypto companies to boost their market presence following the recent debut of Coincheck Group on Nasdaq. This move aligns with Japan’s plans to approve yen-based stablecoins.
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