Banks: Stablecoins desireable to introduce | South Korea, Japan, China
We know that the permissionless, open-source, low-level platform “Nervos Network” $CKB would be ideally suited for this. Now is the time to communicate this professionally in appropriate circles worldwide.
- The senior deputy governor of South Korea’s central bank said it was desirable to introduce won-denominated stablecoins at a gradual pace, first with rigorously-regulated commercial banks.
- Japanese startup JPYC said it will issue the first stablecoin pegged to the yen. The stablecoin, which will be called “JPYC”, will be fully convertible to the yen and backed by domestic savings and Japanese government bonds (JGBs)
- China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally. The State Council - China’s cabinet – will review and possibly approve a roadmap.