Stablecoins are The “glue” Between the Real Economy and The Blockchain: GM of Binance Japan

Ahead of Binance's return to Japan with its acquisition of regulated cryptocurrency exchange Sakura Exchange BitCoin, Takeshi Chino described how volatility in cryptocurrency prices could create profit opportunities but will not spur broader demand for cryptocurrencies.

"We believe that stablecoins will serve as a link between the real economy, the blockchain economy, and the Binance ecosystem," Chino said. "When you create something stable, price fluctuations become noise."
Stable currencies are linked to the value of traditional assets, typically fiat currencies like those of the United States.Dollars and are therefore designed to be immune to the price swings that often affect cryptocurrencies like Bitcoin (BTC).

Rival cryptocurrency exchanges Coin base (COIN) and Kraken have pulled out of the Japanese market over the past six months, citing “market conditions” as the reason.

Chino said that the crypto winter could disrupt the traditional cryptocurrency trading model as falling valuations and trading volumes would reduce fee income. He said that Binance's vision of "free money" through crypto and blockchain technology transcends the exchange's business model and current market conditions.
“An ecosystem has many facets,” he said."For example, we will offer different services from a different financial point of view, and we will also provide different content related to intellectual property in the form of Web3."
Binance 's return to Japan this summer comes two years after the exchange received a warning from the National Financial Services Agency (FSA) that it was operating there without a permit.
Chino described that one of the keys to gaining regulatory approval in Japan is making sure you understand how the products work to gain trust, which he says can be challenging.