Financial services firm Monex Group plans to launch a yen-backed stablecoin in Japan as regulations ease. This move follows Japan’s shift towards welcoming digital currencies and aligns with the company’s expansion strategy into Europe. The stablecoin will use Japanese government bonds for backing, promising stability and international remittance capabilities. Monex aims to leverage its existing platforms (Coincheck and Monex Securities) for distribution, while also pursuing a European crypto acquisition to bolster their global presence. This strategic move underscores the growing prominence of digital finance in Japan, with implications for the global financial landscape.