Japan shows how non-USD stablecoins complement USDC and USDT
SBI Group’s June launch of Japan’s first trust bank-backed yen stablecoin, JPYSC, could be a long-awaited game changer for non-USD fiat-backed cryptocurrencies. Currently, less than one per cent of the US$310 billion in circulating stablecoins is denominated in currencies other than the USD. The…
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