Japan Approves First Yen-Backed Stablecoin: A Major Step Forward for Digital Currency

Japan’s Financial Services Agency (FSA) is set to approve JPYC, the country’s first yen-backed stablecoin, in fall 2025. This groundbreaking move will significantly impact Japan’s digital currency landscape and potentially reshape how the yen is used in finance. JPYC Inc., based in Tokyo, plans to issue this stablecoin fully backed by Japanese yen and government bonds, signifying a significant step towards regulatory compliance in digital assets.