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TechFlow, October 21 — According to Jinshi Data, Bank of Japan Deputy Governor Ryozo Himino 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 done extensive work in these areas, but much remains to be done.
According to Jinshi Data, recently, Deputy Governor of the Bank of Japan, Ryozo Himino, 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 done a lot of work in these areas, but much remains to be done.
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