JPYC Inc. Launches First Yen-Backed Stablecoin in Japan, Revolutionizing Financial Landscape

JPYC Inc., a pioneering financial technology company, has launched the first yen-backed stablecoin in Japan. This significant development, approved by the Financial Services Agency (FSA), marks a pivotal shift towards domestic stablecoins within the nation’s financial system. JPYC’s stablecoin is fully collateralized by Japanese government bonds and operates on prominent blockchain platforms like Ethereum and Polygon, guaranteeing transparency and liquidity. The launch represents a strategic move away from USD-based stablecoins and signifies a potential turning point in Japan’s financial landscape.