How Japan is leading the race to regulate stablecoins with a new law that took effect in June 2023 and includes terms to protect the assets backing stablecoins (Emily Parker/CoinDesk)

Emily Parker / CoinDesk:

How Japan is leading the race to regulate stablecoins with a new law that took effect in June 2023 and includes terms to protect the assets backing stablecoins  —  Japan’s new law tries to address one of the biggest fears about major stablecoins: Do issuers really have the assets to back them?