30th August 2025 – (Tokyo) Japan, known for establishing a regulatory framework for stablecoins, is on the cusp of a significant development – the launch of its first fully collateralised, yen-backed stablecoin later this year.
Takashi Tezuka, Japan’s Web3 infrastructure provider Startale Group country manager, highlighted a philosophical divergence between Japan and the United States on stablecoins, referencing the recent US stablecoin bill and Japan’s pioneering legal framework for stablecoins.
Monex Group, a Tokyo-based financial services company, is considering the introduction of a stablecoin pegged to the Japanese yen, aiming to boost yen-denominated international remittances and corporate settlements. Monex Group Chairman Oki Matsumoto stressed the importance of not falling behind in the stablecoin arena, signalling the company’s readiness to respond to the evolving market dynamics.
Another player in the field, local fintech JPYC, is reportedly gearing up to launch Japan’s inaugural yen stablecoin this autumn, secured one-to-one by bank deposits and government bonds.
In a separate development, TradFi giant MultiBank Group has initiated a buyback and burn program, while JPMorgan has pledged up to $500 million to Numerai, a crypto-friendly hedge fund renowned for its innovative investment strategies incorporating AI and crypto assets.
On the heels of a major Ether acquisition, ETH treasury company ETHZilla has approved a $250 million share repurchase plan, underscoring the risks associated with overleveraging in the crypto market, as highlighted by Komodo Platform’s chief technology officer, Kadan Stadelmann.
Healthcare firm KindlyMD has unveiled plans for a substantial $5 billion Bitcoin purchase through an at-the-market equity offering, aiming to bolster its corporate treasury with digital assets following a recent merger with Nakamoto, a digital asset firm helmed by former crypto adviser to US President Donald Trump, David Bailey.