Summary
- The Bank of Japan indicated the possibility of using stablecoins in the global payment system.
- Ryozo Himino, Deputy Governor of the Bank of Japan, said stablecoins can play a central role in the global payment system.
- The Bank of Japan said stablecoins could replace part of bank deposits.
The Bank of Japan suggested the possibility of using stablecoins (virtual assets whose value is linked to fiat currency) in the global payment system.
On the 21st (Korean time), according to crypto-focused outlet Coinku, Ryozo Himino, Deputy Governor of the Bank of Japan, said at the GZERO Summit Japan, "Stablecoins can play a central role in the global payment system and could replace part of bank deposits."
Uk Jin
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