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Nov 25, 2021 • 6 min read

Japan's Digital Yen: Is It A Viable Alternative To A Stablecoin OR CBDCs?

Wiser! Essay: Plans to launch a digital Japanese yen have been unveiled by a consortium of over 70 banks. It's not a CBDC or a stablecoin but it offers a real alternative to either of them.

Rick Huckstep Rick Huckstep
Japan's Digital Yen: Is It A Viable Alternative To A Stablecoin OR CBDCs?

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A Private Consortium To Launch a Digital Yen

Back Story: A consortium of roughly 70 Japanese firms has decided to create their own blockchain-backed digital currency.

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