Bank of Japan Deputy Governor Ryozo Himino has indicated that stablecoins could play a significant role in the global payment system. Speaking on October 21, Himino suggested that stablecoins might partially replace traditional bank deposits, underscoring their potential impact on financial systems worldwide. This statement reflects growing recognition of digital currencies' role in modernizing payment infrastructures.
Bank of Japan Deputy Governor Highlights Stablecoins' Potential in Global Payments
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