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Japan is planning to launch the first yen-backed neo stablecoin, directly sponsored by a bank, around 2026, developed in collaboration with SBI Holdings (through Shinsei Trust Bank) and blockchain partners. This stablecoin is designed to strictly comply with legal regulations, aimed at domestic and cross-border payments, marking a significant step as traditional Japanese finance officially delves deeper into crypto, while also creating a counterbalance to the USD neo stablecoins currently dominating the market.
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