Japan Launches First Yen-Backed Stablecoin, Setting a New Standard

Japan has taken a significant step forward in the fintech world with JPYC Inc., a financial technology company, launching the first yen-backed stablecoin officially recognized under Japanese law. This groundbreaking innovation was launched on JPYC EX, the platform developed by JPYC Inc., and marks a crucial moment for stablecoin adoption globally. As Japan’s first stablecoin to be regulated under its Payment Services Act, JPYC offers full backing with a combination of yen reserves and government bonds. 1:1 currency conversion ensures stability.