Japan's Central Bank Deputy Governor: Stablecoins may become key players in the payment system, partially replacing bank deposits.

[Deputy Governor of the Bank of Japan: Stablecoins may become key players in payment systems, partially replacing bank deposits] Deputy Governor of the Bank of Japan, Masayoshi Amamiya, recently stated that stablecoins could become key players in the global payment system, partially replacing the role of bank deposits. Half of the assets in the global financial system are held by non-bank financial institutions. Regulators have already done a lot of work in these areas, but there is still much work to be done. (Jin10)

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