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Japan to Approve First JPY-Backed Stablecoin JPYC
By: theblockbeats.news|2025/08/17 10:51:59
BlockBeats News, August 17th, according to Nikkei News, the Japan Financial Services Agency will approve the country's first issuance of a yen-denominated stablecoin JPYC this month. The Japan Financial Services Agency will register the fintech company JPYC Inc. as a funds transfer business operator, and sales are expected to begin a few weeks after registration. This digital currency will be backed by liquid assets such as government bonds to maintain its value stable at 1 JPYC = 1 yen.
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