Monex Group Considers Yen-Pegged Stablecoins, Eyes European Acquisition

Monex Group, a Japanese financial services company, is considering launching a yen-pegged stablecoin. The stablecoin would be backed by assets like Japanese government bonds and facilitate cross-border and corporate payments. Monex Group is also eyeing an expansion into Europe by acquiring a crypto company, with plans to reveal more details in the coming days.

Monex Group, a prominent Japanese financial services company, is exploring the launch of a yen-pegged stablecoin, backed by assets such as Japanese government bonds. This initiative aims to facilitate cross-border and corporate payments, leveraging the company's existing infrastructure [1]. The move comes as Japan prepares to allow the circulation of domestic fiat-backed digital currencies for the first time, following regulatory changes by the Financial Services Agency (FSA) [2].

In addition to the stablecoin project, Monex Group is finalizing negotiations to acquire crypto-related companies in Europe. The company expects to announce these acquisitions in the coming days, marking another step in its overseas expansion [1]. This strategic move follows the public debut of Coincheck Group on the Nasdaq exchange in late 2023, which further solidified Monex's position in Western markets.

The potential launch of a Monex stablecoin would add competition to an expanding market in Japan, where Circle's USD Coin (USDC) is already operational. By backing its coin with Japanese government bonds and utilizing its established platforms, Monex aims to create an asset that can integrate smoothly into both retail and corporate financial ecosystems [1].

The timing of Monex’s announcement, combined with regulatory progress and European expansion plans, indicates that Japan is accelerating its role in the global stablecoin industry. The FSA’s recent approval of a working group report recommending policy revisions for stablecoins has opened the door for both domestic and international issuers to operate under clearer guidelines [1].

References:

[1] https://invezz.com/news/2025/08/26/japans-monex-group-eyes-yen-stablecoin-and-european-crypto-expansion/
[2] https://www.marketscreener.com/news/blockchain-bites-japan-greenlights-first-regulated-yen-backed-stablecoin-pay-me-in-stables-bullis-ce7c50dbd189f52d