USD and yen-backed tokens compete for market share as Japan tests stablecoin waters

Japan’s stablecoin market is heating up, with a number of new partnerships forming around the country’s first yen-backed stablecoin. Banks and major businesses are now piloting both yen- and dollar-backed stablecoins for real world payments. But a clear split is taking shape. While USD stablecoins dominate global transactions, yen-backed coins are being positioned as a […]