Japan Lanches the World's First Yen Stablecoin—Here's Why It Could Reshape Asian Crypto Settlements

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. While dollar-backed stablecoins continue their stranglehold on the global market—commanding 99% of the $286 billion sector—Japan just made a move that could finally give Asia its own digital currency heavyweight. Tokyo-based fintech startup JPYC launched the world’s first fully regulated yen-pegged stablecoin on Oct. 27, marking what could be a turning point for investors tired of depending solely on U.S. ...