Japan’s top yen stablecoin falls short of its target in a disappointing first year
Summary
Japan’s leading yen stablecoin has missed its performance goals during its inaugural year on the market. The chief executive pointed to restrictive transfer limits as the primary barrier preventing widespread adoption among corporate clients.
CEO Noritaka Okabe blamed a 1 million yen per-transaction cap for Type II funds transfer providers, which has slowed corporate adoption.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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