Deputy Governor of the Bank of Japan: stablecoins may become key players in the payment system, partially replacing bank deposits

Crypto 7x24

2025-10-21 14:16:38

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According to online reports, Bank of Japan Deputy Governor Ryozo Himami recently stated that stablecoins may become a key participant in the global payment system, partially replacing bank deposits. Half of the assets in the global financial system are held by non-bank financial institutions. Regulators have done a lot of work in these areas, but there is still much work to be done. (Jin Shi)

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