@catmangox: Judging by how JPYC is doing, it's likely that USDC will monopolize Japan's mainstream stablecoins by then, and that would be very troublesome. It would be equivalent to Japan's finance being controlled by Americans.
Summary
The author worries that Japan's native stablecoin JPYC is not developing well, which may allow USDC to monopolize Japan's stablecoin market, thereby letting Americans control Japan's finance.
View Cached Full Text
Cached at: 06/24/26, 12:02 PM
Looking at the current state of JPYC, it’s highly likely that USDC will monopolize Japan’s mainstream stablecoin market. When that day comes, it will be very troublesome — essentially Japan’s financial system would be under American control.
Noritaka Okabe, Representative Director of JPYC (@noritaka_okabe): I believe it is acceptable to issue warnings via quote posts. The Financial Services Agency stated in the Funds Settlement WG report that exchange operators should issue warnings, and as a money transfer service provider, we consider this to be the same.
We will continue to actively issue such warnings going forward.
Similar Articles
@pushu1228: https://x.com/pushu1228/status/2066905099079930176
The article analyzes China's accelerated financial regulatory reforms in response to a potential global financial crisis triggered by the yen, including comprehensive upgrades in private fund supervision and tightened foreign investment policies. It argues that these extraordinary policies show China is building firewalls.
@Rav_Hedda: The timing of Binance's US stocks listing is just right. Recently, domestic restrictions on opening overseas securities accounts have made it increasingly difficult for retail investors who previously accessed US stocks through offshore brokers. Binance now integrates over 7,000 US stock ETFs for direct trading, catching the wave of refugees from traditional brokers. Binance offers 1:1 equity, with front-end brokerage services provided by ADGM-licensed…
Binance has launched direct trading of over 7,000 US stock ETFs, supporting USDC settlement, and will soon launch securities lending (FPSL) on June 4. Users can lend idle stocks to earn lending fees, achieving a three-tier income structure.
@four_xyg: CZ's Latest Take: How AI and Crypto Will Reshape Future Finance and Tech? Amid the Web3 and AI wave, the future of crypto remains a hot topic. Recently, Binance founder CZ shared forward-looking insights in a deep-dive conversation on the relationship between crypto and AI, and industry prospects. Part 1…
Binance founder CZ said in the conversation that AI and crypto will deeply integrate; the AI boom is actually funneling traffic into the crypto market, and the two are symbiotic rather than replacing each other. In the coming months, we may see AI-enabled autonomous trading and automatic payments.
@0xAstraSpark: https://x.com/0xAstraSpark/status/2056756887807578220
The article argues that now is the best time to transition from USDT to USDC, citing USDC's superior transparency, regulatory compliance, and backing by Circle, while highlighting GM Pay's rebrand and its shift toward the Circle ecosystem.
@dov_wo: Seeing various exchanges actively listing US stocks spot, I feel mixed emotions. The crypto pioneers ultimately became Song Jiang, surrendering in the face of absolute power. From original crypto-native exchanges, they turned into Asia's buy-side community for US stocks. I want to look back and pay tribute to the crypto pioneers who fought. In China's first asset issuance game, there was once a brief dominance...
Comments on the phenomenon of cryptocurrency exchanges listing US stocks spot, expressing feelings of regret about the transformation of crypto-native exchanges.