News

Jinse Finance reported that Tokyo-listed company and financial services firm Monex Group has announced it is considering launching a yen-pegged stablecoin. According to Monex Group, the proposed yen-pegged stablecoin will be backed by assets such as Japanese government bonds and can be exchanged for yen at a 1:1 ratio. Potential use cases include cross-border remittances and corporate settlements. Monex Group owns a Japanese cryptocurrency exchange and operates a domestic brokerage business. The group plans to leverage these two business segments to advance the stablecoin project.

ChainCatcher news, according to market sources, Story co-founder and CEO S.Y Lee was interviewed today by the well-known crypto podcast The Rollup. In the interview, S.Y Lee said: "I am the project initiator, I set the vision, built the team, raised the funds, and I am the final decision-maker. Jason (another co-founder who recently announced his departure) focused on protocol design and took on more of the marketing work, such as participating in podcasts and public speaking. Going forward, I will also participate more in podcasts and interviews, gradually taking on this part of the role. Previously, Jason was more like the face of the company. Outsiders may think Jason is the founder and brand representative, while I am like a shadow founder behind the scenes, and many people have not truly understood this." Previously, it was reported that Story co-founder Jason Zhao announced on his personal X account that he would resign from his full-time position in the project and transition to a role as a strategic advisor.