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Stablecoins could support daily life, Japan experts say on a cashless era

Japanese finance and blockchain executives said living on stablecoins alone could be possible, but they are likely to coexist with cash and traditional finance. At an AI and on-chain finance summit in Japan, panelists discussed use cases including payments, international remittances, tax payments and the need for yen-based stablecoins. Views differed on whether stablecoins can outperform SWIFT, with tokenised deposits also cited as a longer-term option.