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World's first yen-pegged stablecoin debuts in JapanJapan's new banknotes of 10,000 yen, 5,000 yen and 1,000 yen are displayed, on the day the new notes went into circulation, at a currency museum of the Bank of Japan, in Tokyo, Japan July 3, 2024. REUTERS/Issei Kato/Pool
The world's first stablecoin pegged to the yen will be launched in Japan on Monday, a small but significant move in a country where traditional payment means like cash and credit cards dominate financial infrastructure.
