Startup JPYC Issues First JPY-Backed Stablecoin
BlockBeats News, October 27th, Japanese startup JPYC announced today the official launch of a stablecoin pegged 1:1 to the Japanese Yen, with the token backed by domestic savings and Japanese government bonds.
Ryozo Himino, Deputy Governor of the Bank of Japan, recently stated that stablecoins are expected to become an integral part of the global payment system, partly replacing the function of bank deposits.
JPYC stated that in the initial stages of the project, transaction fees will be waived to expand the user base, and revenue will be generated through holding government bond interest. Tomoyuki Shimoda, a scholar at Rikkyo University and former central bank executive, estimates that it will take about 2 to 3 years for the Japanese Yen stablecoin to become widely adopted in Japan.
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
Some established AI and meme coins showed strong performance today, with SQD surging over 78% in a single day
TRON Foundation has released java-tron v4.8.1 (Democritus) pre-release version, and the Nile Testnet mandatory upgrade has officially started.
Yala: All native BTC under the custodian model will be removed from the protocol, shifting towards an AI-driven smart body prediction direction in the future
CME Data Center Outage Affects Trillion-Dollar Contracts
BNB Treasury Company CEA Industries Appoints Crypto Asset Expert Annemarie Tierney as Director
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]