Why yen-based stablecoins could be the next big thing

More: We explore how yen-based stablecoins could get a chance to shine and look at a B2B commerce startup that’s just raised funds. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- Hello {NAME} I don’t know much about stablecoins but I do know that they’re in a bit of a sticky position right now, with US regulators taking a not-so-positive view of crypto in the wake of recent events (looking at you, Terra and FTX). On this side of the world, however, governments are looking at putting in structures to support crypto trading and other related developments. Hong Kong, for one, [announced plans last week]( to allow retail investors to trade tokens on licensed exchanges. Japan is another Asian market that’s putting in place policies to make it an attractive destination for crypto. Indeed, with US dollar-backed stablecoins losing their attractiveness, Japanese yen-backed ones have the potential to be the next big thing. We go a little deeper on that prospect in today’s premium story -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [US stablecoin clampdown may give Japan a chance to shine]( Pegged to the world’s third-largest economy, yen stablecoins could change the crypto landscape once regulations loosen in June, says GMO Trust's CEO. --------------------------------------------------------------- TRENDING NEWS [The diverse world of generative AI]( Text-to-image creation is just one of the many ways generative AI startups produce content, with a variety of inputs and outputs now on offer. [Alibaba sees cloud computing as ‘core’ for future growth]( Alibaba’s cloud unit wants to cash in on the huge demand for computing power, arising from the current boom in generative AI. [QuickBytes: This cleantech firm is changing mindsets and taking on climate change]( Navigating greenwashing and urging companies to prioritize carbon neutrality are some of the challenges Progressture Solar has encountered on its journey. [Yoga and Lunch: An afternoon of mindful wellness]( Join us on International Women’s Day for a relaxing yoga, motivational workshop with a networking lunch! [Australian stablecoins show promise as a16z-backed Archblock eyes market]( A US-based stablecoin issuer is finally putting boots on the ground to localize its TrueAUD offering. But regulatory challenges remain. [Grab’s financial health in 9 charts]( We analyze the financial figures reported by the Southeast Asian tech titan. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Product Development Conference 2023]( from May 16 to May 17 Tech in Asia’s Product Development Conference is back! This year’s edition, which will be held in person in Jakarta, will feature over 20 industry leaders, experts, and innovators sharing the latest trends and strategies that can accelerate product development growth. [Register now]( and you can get 50% off. This early bird promo is available for a limited time only, though, so don’t miss out! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Java Developer Springboot]( at SIGMATECH Jakarta, Indonesia - [Product Marketing Executive (Whiz (YC W22))]( at Deall Jobs Jakarta, Indonesia - [Software Developer for RPA - IT Consulting (A-84943)]( at PT Qerja Manfaat Bangsa Jakarta, Indonesia - [Frontend (React) Engineer - IT Consulting (Remote Work) (A-85453)]( at Female Daily Network Jakarta, Indonesia - [Personal Assistant]( at Avows Technologies Jakarta, Indonesia - [National Sales Manager]( at SwipeRx (mClinica) Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2023 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894