Pooling the Float - The Yen Stablecoin

Japan’s three megabanks aren’t launching a coin — they’re building a shared issuance rail under a trust. It is the first serious non-US answer to who gets to mint a currency’s digital form, and who keeps the float that comes with it: the structural mirror image of the deposit-defence dynamic.

#Stablecoins, #TokenizedMoney, #Japan, #MUFG, #Progmat, #PaymentRails, #FloatEconomics, #DigitalAssets, #DistributionReset, #CapitalMarkets