Yonhap Infomax NewsJapan is set to approve its first yen-backed stablecoin as expectations for a Bank of Japan rate hike grow, boosting demand for yen-linked digital assets amid rising JGB yields and a weakening Bitcoin-yen rate.
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Yen-Backed Stablecoin Emerges at Pivotal Moment as BOJ Rate Hike Expectations Rise
Japan is set to approve its first yen-backed stablecoin as expectations for a Bank of Japan rate hike grow, boosting demand for yen-linked digital assets amid rising JGB yields and a weakening Bitcoin-yen rate.