JPC Inc. Introduces Japan’s First Yen-Backed Stablecoin, JPYC

Tokyo-based fintech company JPC Inc. has launched Japan’s first yen-denominated stablecoin, JPYC, marking a significant step in the country’s digital payment evolution. Following registration with Japan’s Financial Services Agency, JPC revealed the stablecoin maintains a 1:1 exchange rate with the Japanese Yen, allowing for instant issuance, redemption, and transfers using blockchain networks like Avalanche, Ethereum, and Polygon. 💰 💻