JPYC Inc. Launches Japan’s First Yen-Backed Stablecoin and Platform

JPYC Inc. has officially launched Japan’s first yen-backed stablecoin, JPYC, in collaboration with its platform, JPYC EX. This landmark move signifies a significant step forward for the Japanese stablecoin market as it aims to reach 10 trillion yen in circulation within three years. The launch of JPYC has potential implications for Japan’s yen liquidity and government bond markets.