Japanese Central Bank Deputy Governor: Stablecoins Could Become Key Players in the Payment System, Partially Replacing Bank Deposits

BlockBeats News, October 21, Bank of Japan Deputy Governor Masayoshi Amamiya recently stated that stablecoins could 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 already done a lot of work in these areas, but there is still much work to be done. (Fx678 News)