🇯🇵 Japan's financial giants team up with Web3 pioneers! The world's first regulated yen stablecoin is here!

SBI Holdings and Startale Labs have officially signed an agreement to jointly develop a fully compliant yen stablecoin. This is not only a significant endorsement of digital assets by Japan but also a strategic move aimed at the global $300 billion stablecoin market. It aims to provide institutions with a brand new global settlement infrastructure.

💡 Key Insight: This marks the entry of traditional financial giants into the crypto space on a large scale in a compliant manner. A regulated stablecoin backed by the yen could undermine the dominance of USDT/USDC and bring significant liquidity to the Asian crypto market. Keep an eye on blockchain projects related to Japanese finance!

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