Japan’s First Yen-Backed Stablecoin, JPYC, Gets Regulatory Approval for Launch in 2025

Japan has taken a significant step towards embracing digital currency with the approval of its first yen-backed stablecoin, JPYC. Set to launch in Fall 2025, JPYC will be backed 1:1 by yen deposits and Japanese government bonds (JGBs), ensuring stability and regulatory compliance. This milestone comes as a result of JPYC Inc.’s adherence to Japan’s Payment Services Act regulations. The Financial Services Agency (FSA) is actively promoting safe and regulated payments, aligning with the newly revised guidelines for digital currency usage.