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Monex Group Weighs Yen-Backed Stablecoin, Plans European Crypto Acquisition
Monex Group is weighing the launch of a yen-pegged stablecoin and is in final talks to acquire a European crypto-related company, signaling a faster push into digital finance. Chairman Oki Matsumoto said in a TV Tokyo interview that the group must act on stablecoins or risk falling behind. Matsumoto said Monex is considering issuing a stablecoin backed by Japanese government bonds and redeemable one-to-one with the yen. He pointed to international remittances and corporate settlements as likely use cases. The company plans to draw on its local crypto exchange Coincheck and Monex Securities brokerage to expand the ... (full story)
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