FSA Panel Warns Heavy Stablecoin Redemptions Could Force JGB Fire-Sale; JPYC Targets $66B Circulation in 3 Years
According to Japan's Financial Services Agency study group, a wave of stablecoin redemptions could force a major issuer into a fire-sale of Japanese government bonds held as reserves, the panel warned at its first meeting on digital and decentralized finance on October 20. The Bank of Japan owns
GateNews·9h ago
