Monex Group to Launch Yen-Pegged Stablecoin and Acquire European Crypto Firm for Global Expansion

Monex Group is embarking on a strategic expansion of its crypto business, targeting both the stablecoin market and global acquisitions. The company plans to launch yen-pegged stablecoins backed by Japanese government bonds (1:1 ratio) for seamless cross-border payments. Additionally, Monex seeks to acquire a European crypto firm to bolster its global presence and differentiate itself from domestic competitors.