Monex Group is weighing the launch of a yen-peggedstablecoin and is in final talks to acquire a European crypto-related company,signaling a faster push into digital finance. Chairman Oki Matsumoto said in aTV Tokyo interview that the group must act on stablecoins or risk fallingbehind.Yen-Pegged Digital Currency on the HorizonMatsumoto said Monex is considering issuing astablecoin backed by Japanese government bonds and redeemable one-to-one withthe yen. He pointed to international remittances and corporate settlements aslikely use cases.The company plans to draw on its local crypto exchangeCoincheck and Monex Securities brokerage to expand the offering. “Issuing astablecoin requires significant scheming and capital, but if we don’t handleit, we won’t be able to keep up with the times,” Matsumoto said.Stablecoin projects are gathering pace in Japan afterregulators eased rules last year. The Financial Services Agency approvedstartup JPYC as the first domestic issuer this month, while SBI Holdings andSumitomo Mitsui Banking Corporation have announced plans to explore issuance.Circle’s USDC was also cleared for local use in March.The shift mirrors global trends. This summer, the United States passed legislation to boost credibility for dollar-peggedtokens.Global Expansion StrategyMatsumoto added that Monex is close to announcing thepurchase of a European blockchain company, with final negotiations underway.The deal would follow the Nasdaq listing of Coincheck Group last December,which the chairman said would support further acquisitions abroad.By pursuing overseas deals first, Monex aims to createglobal synergies that strengthen its position in Japan’s growing digital assetsector.This article was written by Jared Kirui at www.financemagnates.com.