📣 News Flash! Nomura Holdings and GMO Internet Group are joining forces to issue JPY and USD stablecoins in Japan. 🇯🇵💱 This comes after Japan's government passed legislation in 2022 to establish a clear regulatory framework for stablecoins.

The partnership aims to explore the issuance, redemption, and circulation mechanisms of a JPY/USD stablecoin business. This could be a game-changer for digital asset accessibility and innovation in Japan's financial landscape.

Remember TerraUSD's dramatic collapse? 😱 Japan's Financial Services Agency prefers stablecoins backed by actual fiat reserves to avoid such disasters.

What are your thoughts on this development? Let's chat in the comments! 💬 #CryptoNews #StablecoinsInJapan