Japan will launch its first stablecoin pegged to the yen this fall.
Japanese startup JPYC, based in Tokyo, plans to launch Japan's first stablecoin pegged to the yen this fall (2025).
Tokyo-based Japanese startup JPYC plans to issue Japan's first stablecoin pegged to the yen this autumn (2025).
The stablecoin, also named "JPYC," can be fully exchanged with the yen, with its issuance reserves consisting of domestic savings and Japanese government bonds.
CEO Noritaka Okabe said, "Initially, we expect demand to come from institutional investors, hedge funds, and family offices in Japan." He added, "Our ultimate goal is to promote JPYC as a 'digital yen' internationally, benefiting users worldwide."
JPYC stablecoin does not charge transaction fees and profits from holding equivalent Japanese government bonds and earning bond interest.
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