Deputy Governor of the Bank of Japan: Stablecoins may become a key player in the payment system, partially replacing bank deposits

According to Foresight News, according to King Ten, Bank of Japan Deputy Governor Himimo Ryozo recently stated that stablecoins may become a key player in the global payment system, partially replacing the role of bank deposits. Half of the assets in the global financial system are held by non-bank financial institutions. Regulators have done a lot of work in these areas, but there is still much work to be done.
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