As a seasoned analyst with extensive experience in the global financial landscape, I find myself intrigued by the strategic move of Japan-based DMM Group and Progmat to venture into stablecoin issuance. Having closely followed Japan’s economic transition and its gradual embrace of digital payments, I can see this as a logical step in the country’s cashless transformation.
The Japanese DMM Group, headquartered in Japan, and Progmat have embarked on a collaborative journey to investigate the possibility of launching a digital currency called a stablecoin.
As a researcher, I am currently involved in an exciting collaboration between DMM.com and its subsidiary, DMM Crypto. Together, we are partnering with Progmat to delve into the potential creation of a stablecoin. This endeavor aims to expand our understanding and explore possibilities within the digital currency sphere.
As stated in a press release on August 23rd by DMM, their upcoming stablecoin will first be incorporated into the Seamoon Protocol, which is part of DMM Group’s digital economy initiative. The aim is to maintain the stability of the Seamoon Protocol’s worth, grow its token economy, and eventually boost the value of its indigenous token.
Having spent several years working in the financial industry, I have witnessed the evolution of digital currencies and their potential to revolutionize transactions. Based on my personal experiences, I am excited about the upcoming rollout of this stablecoin.
DMM’s stablecoin push mirrors Japan’s cashless transition
By the close of fiscal 2024, I, as a crypto investor, anticipate that DMM Group will expand the utilization of their stablecoin in transactions among whitelist-registered business partners and verified users, which encompasses game enthusiasts like myself. This strategic move marks a significant step towards broader acceptance as a viable payment solution. Collaboratively with Progmat, DMM Group aims to launch this stablecoin, initially testing it on a test network before its official release.
As someone who has lived in Japan for several years, I have witnessed the gradual transformation of the country towards becoming more digitally integrated. One aspect of this shift that particularly intrigues me is the exploration of stablecoins as a means to facilitate digital transactions in a nation traditionally reliant on cash. Recently, Hokkoku Bank’s launch of its own stablecoin, Tochika, backed by bank deposits, has caught my attention.
Read More
Sorry. No data so far.
2024-08-23 16:24