How the Stablecoin JPYC is Expanding Use Cases in the New Financial Landscape — An Interview with Noritaka Okabe

What do you think about the current state of the Web 3.0 field?

Noriyoshi Okabe (hereinafter, Okabe): The Web 3.0 field aims to be a new form of the Internet based on blockchain technology, and I believe that stable coins will play an especially important role in this field. As long as countries exist, each country's legal tender has a certain importance as a measure for exchanging goods and services, and in that sense, I believe that stable coins will be widely used in the Web 3.0 field and their use cases will expand.

Japan was the first in the world to establish regulations for stable coins. In the future, stable coins will be able to be exchanged for various digital assets, and I feel that they are likely to play an important role as infrastructure for the Web 3.0 field and as a bridge to the real world.

I also believe that the Web 3.0 field will create many opportunities to create business models. Although services brought about by decentralized technologies such as dApps are not so widespread now, there are endless ways to use them depending on your ideas. Taking advantage of the high security and transparency of blockchain, automation through smart contracts, fundraising and crowdfunding using token economy, DAOs as decentralized organizations, etc., various business models will be developed in the future. Therefore, while there are still challenges such as legal regulations, I feel that Web 3.0 is an area with the potential to create interesting services in the future.