Japan’s First Regulated Yen Stablecoin Launches

Crypto Exchanges Japan. Photo by BeInCrypto JPYC Inc. launched Japan's first regulated yen-pegged stablecoin on October 27, marking a significant development in Asia's digital currency landscape. The launch introduces regulatory-compliant stablecoin infrastructure in the world's third-largest foreign exchange market, representing approximately 17% of global forex trading volume. Consumer Protection Is The Key The stablecoin market currently stands at $297 billion, with 99% denominated in US dollars. JP ...