Key Takeaways:
- Monex Group is considering launching a yen-pegged stablecoin backed by government bonds and redeemable 1:1.
- The stablecoin aims to serve cross-border remittances and corporate settlements, supported by Coincheck and Monex Securities.
- Monex is also in talks to acquire crypto firms in Europe, as Japan prepares to allow domestic yen stablecoin issuance.
Tokyo-based Monex Group is weighing the launch of a yen-pegged stablecoin as it looks to adapt to Japan’s rapidly evolving digital finance landscape.
Chairman Oki Matsumoto said that while issuing stablecoins demands major infrastructure and capital, failing to do so would risk being left behind.
MONEX GROUP CONSIDERING ISSUING YEN-PEGGED STABLECOIN IN JAPAN – TV TOKYO
— PiQ (@PiQSuite) August 26, 2025
MONEX PLANS TO BACK YEN STABLECOIN WITH JAPANESE GOVERNMENT BONDS – TV TOKYO
MONEX CHAIRMAN MATSUMOTO SAYS COMPANY IS CONSIDERING ACQUISITION OF EUROPEAN CRYPTO FIRM, ANNOUNCEMENT EXPECTED "WITHIN DAYS"…
If approved, the stablecoin would be fully backed by assets such as Japanese government bonds and redeemable 1:1 with yen, with intended uses including cross-border payments and corporate settlements.
The initiative would be supported by Monex’s crypto exchange Coincheck and its securities arm.
Alongside this effort, Monex is in advanced talks to acquire crypto-related firms in Europe, with a deal announcement expected soon.
The move comes as Japan’s Financial Services Agency (FSA) prepares to authorize domestic issuance of yen-based stablecoins, potentially as early as this fall.
This would mark the first fiat-pegged digital currency issued within Japan, following last year’s easing of restrictions on foreign stablecoins.
Earlier this year, Circle’s USDC gained approval for use in Japan, signaling the country’s growing acceptance of stablecoins.
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