Japan is preparing to launch its first fully collateralized, yen-backed stablecoin after years of quiet infrastructure development. Monex Group, a Tokyo-based financial services company, is also considering launching a stablecoin pegged to the Japanese yen. Meanwhile, JPMorgan plans to commit up to $500 million to Numerai, a crypto-friendly hedge fund. Numerai delivered over 25% net returns last year, using crowdsourcing, AI, and other quant-driven strategies. Lastly, ETHZilla, an ETH treasury company, has approved a $250 million share repurchase program after acquiring over 102,000 ETH. KindlyMD plans to acquire $5 billion worth of Bitcoin, following a $679 million purchase earlier this month.

Read more at Cointelegraph: Japan Prepares First Yen-Backed Stablecoin Amid Global Regulatory Shift