Binance to Launch Yen, Dollar and Euro Stablecoins in Japan in 2024!

Binance, the global crypto exchange, is planning to launch stablecoins denominated in the dollar, euro, and yen in Japan next year. The company’s Japanese arm, Binance Japan Inc., has partnered with Mitsubishi UFJ Financial Group’s trust banking arm to study the issuance of the stablecoins. Binance Japan hopes to introduce the tokens in 2024 and potentially add more in the future. The move comes as Japan’s stablecoin market is predicted to grow to as much as $34 billion.