Orix Bank, Binance eye stablecoin offerings in Japan

Currency-linked tokens hold promise for slashing business transaction costs

20230925N Binance REUTERS

Binance is among the players looking at Japan's fledgling stablecoin market. © Reuters

KEITA SEKIGUCHI, Nikkei fintech editor, and YUKI NAKAMURA, Nikkei staff writer

TOKYO -- Japan's Orix Bank and global cryptocurrency exchange group Binance Holdings are among the companies weighing plans to issue stablecoins in Japan, moves that could lead to faster, lower-cost transactions for businesses.

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