Crypto Payroll Takes Over Silicon Valley: Hype vs Reality
Japan is getting ready to approve its first yen-pegged stablecoins, and this could change a lot in the fintech world. If all goes well, this stablecoin will make cross-border payroll a lot more efficient and cost-effective. At the same time, Japan would be stepping up as a leader in digital finance innovation. So, let’s talk about how this could actually help startups and SMEs in Asia.
What Are Stablecoins?
Stablecoins have become a big deal in crypto. They connect traditional fiat currencies with the digital economy. By pegging their value to stable assets like the Japanese yen, they provide a reliable means of transaction, minimizing the volatility usually associated with cryptos. With Japan about to roll out these yen-pegged…