Japan Blockchain Promotion Association establishes stablecoin committee and releases Japanese version of Libra

On January 22, the Japan Blockchain Promotion Association (BCCC) announced the establishment of a new "Stable Coin Subcommittee" and issued the Japanese version of the Libra stable coin "ZENX", which has the same concept and mechanism as Facebook's Libra. Later, the committee will begin to formulate the use of the stablecoin.