Japan Makes History: First Yen-Backed Stablecoin Approved

Japan has taken a major step forward in the world of digital finance with the approval of its first yen-backed stablecoin. The JPYC project, led by Tokyo-based firm JPYC Inc., will launch in 2025 after receiving regulatory approval from the Financial Services Agency (FSA). This groundbreaking move is expected to revolutionize Japan’s digital finance landscape and pave the way for greater integration with existing Ethereum-based DeFi systems globally. 🇯🇵🚀