According to the data from service Coinhills, the U.S. dollar is not the popular fiat currency in trading pair with bitcoin (BTC). At the time of writing, the Japanese Yen has a share of 47.89% against the U.S. dollar which has a share of 47.79%.
Japan plays one of the key roles in crypto space given the fact, that in November, the Japanese bank, the First Bank of Toyama, launched a pilot scheme for its own blockchain-powered stablecoin aiming to deliver special token in October 2019.
What’s more important, is that in October, the Japanese GMO Internet Group announced that it was planning to release a yen-backed stablecoin GJY for Asian markets in 2019.
Moreover, Japan is planning to expand its services all around the globe.
Previously, for instance, Monex Group, a Japanese financial services company listed in the Tokyo Stock Exchange — and the parent company of Coincheck, one of Japan’s largest cryptocurrency exchanges — revealed it was planning to launch a crypto exchange in the U.S. in the first quarter of 2019.
Therefore, it’s not surprising that the Japanese crypto community is getting bigger.
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