JPYC Rolls Out First Yen-Backed Stablecoin — A Game Changer for Japan?

Japan’s JPYC Inc. has launched the world’s first fully regulated yen-pegged stablecoin. | Credit: Getty Images. Key Takeaways Japanese firm JYPC launched the first regulated yen-pegged stablecoin. The peg is fully guaranteed by yen bank deposits and Japanese Government Bonds (JGBs). The launch of the yen stablecoin could dramatically impact the Asian FX market. Tokyo-based fintech JPYC Inc. has launched JPYC, Japan’s—and the world’s—first fully regulated yen-pegged stablecoin, marking a milestone mo ...