21/09/2026
🇯🇵 Japanese digital assets in a USD-dominated market
For much of the past decade, the digital asset market has developed largely around the US dollar. Dollar-denominated stablecoins have become a widely used tool for crypto asset trading and liquidity management, reinforcing the role of the dollar even within emerging blockchain-based financial infrastructure.
This trend has been particularly visible across Asia, where even in jurisdictions with sophisticated domestic financial systems and strong local currencies, US dollar-backed stablecoins are gaining prominence in cross-border payment and digital asset trading activities, write Arzu Aytemur, Trade Finance Product Management & Development Lead, and Tomoka Furukawa, Associate in Trade Finance, at Mizuho Bank.
Digital assets are continuing towards the inevitable end goal of assimilation into mainstream finance. This raises the question of how domestic currencies could maintain relevance in an increasingly tokenised financial system
🔗 Read the article here ➡️ https://www.tradefinanceglobal.com/posts/japanese-digital-assets-usd-dominated-market/