Yen stablecoin issuer predicts growing presence in Japan's bond market

By Leika Kihara TOKYO (Reuters) -Stablecoin issuers could become major buyers of Japanese government bonds in several years and influence the central bank's control over monetary policy, the head of Japan's first domestic issuer of yen-pegged stablecoins told ​Reuters. Japanese startup JPYC began issuing stablecoins pegged to the yen - also called JPYC - on October 27 in a significant move ‌in a country where many consumers still prefer traditional payment methods such as cash and credit cards. The comp ...