JPYC, a Tokyo-based fintech firm, has officially launched a Japanese Yen-backed stablecoin amid the rising global demand for the digital asset class. The JPYC stablecoin from the Japanese fintech is fully backed 1:1 by bank deposits and government bonds, maintaining parity with the Japanese yen. Yen-Backed JPYC Stablecoin Launches on Ethereum, Polygon The global stablecoin market, mostly dominated by USD-pegged stablecoins, has reached over $300 billion. As a result, other global markets are exploring po ...

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 ...

Core Insights - Ant Group has filed trademarks in Hong Kong for virtual assets, stablecoins, and blockchain, indicating a potential expansion into Web3 despite regulatory challenges from Beijing [1] - Chinese technology firms are actively securing intellectual property in the digital asset space amid increasing regulatory scrutiny [2] Trademark Applications and Regulatory Context - Ant Group's trademark applications follow a shift in its stablecoin strategy, with plans to apply for stablecoin licenses in Hong Kong, Singapore, and Luxembourg [3] - Regulatory authorities in China have instructed firms, including Ant Group, to pause or abandon stablecoin initiatives due to concerns over monetary authority [4] Regulatory Concerns - Former PBoC governor Zhou Xiaochuan expressed caution regarding stablecoins, highlighting their potential for speculation and questioning their utility for retail payments [5] Blockchain Strategy - Despite domestic regulatory challenges, Ant Group has expanded its blockchain infrastructure globally, with its Whale blockchain processing approximately one-third of over $1 trillion in transactions last year [6] - Ant Digital has led the tokenization of real-world assets in China's renewable energy sector, connecting over 60 billion yuan worth of assets to AntChain [7]

🚨UPDATE: WESTERN UNION TO PILOT A STABLECOIN-BASED SETTLEMENT SYSTEM TO MODERNIZE GLOBAL REMITTANCE OPERATIONS ...

6/ Noon Capital has launched on Starknet, bringing its two stablecoins to the ecosystem.- USN: base stablecoin- sUSN: staked version earning yield from Noon’s strategiesNoon (@noon_capital):New chain alert: Noon is now live on @StarknetFaster. Fairer. Powered by BTCFi.Our mission has always been clear:Build the most intelligent + fair yield-bearing stablecoin.With Starknet, that vision goes global.Learn with us ⤵️ https://t.co/EqAmi7f77u ...

🚨 CMC News: Kyrgyzstan Launches National Stablecoin on BNB Chain.🔗 https://t.co/YltuMfZaeO https://t.co/FAwem4alxA ...

RT Brother Akash Balasubramani 🐺🔊 (@akashneelesh)missed out on quite a lot of things on starknet and a quick summary based on the prompt situation monitoring.> Native @USDC and CCTP v2 is coming to starknet (more inflow otw)> x402 meta is on and now you can never ignore the things that @daydreamsagents has been pushing.> Privacy is here to stay and Starknet will lead it soon. (ps : ZEC and Railgun gud)> BTCFi flywheel on starknet is working really nice.> Stablecoin on starknet is up 74% now in the last 30 d ...

Japan's JPYC launches country's first yen-denominated stablecoin https://t.co/9JByi6JYWX ...

By Leika Kihara TOKYO (Reuters) -The world's first stablecoin pegged to the yen launched in Japan on Monday, a small but significant move in a country where many consumers still prefer to use traditional payment means like cash and credit cards. JPYC, a Japanese startup, began issuing the stablecoins - also called JPYC - which are fully convertible to the yen and backed by domestic savings and Japanese government bonds (JGBs). The company aims to issue 10 trillion yen ($66 billion) worth of JPYC over th ...

RT The Rollup (@therollupco)Consumers will never bank again.For @LucaProsperi of @m0 there is only one play:The stablecoin infrastructure trade.Whether it's MetaMask, Hyperliquid, or any other major fintech platform, the trend is clear.He and @robbie_rollup discuss how banks and issuers will try to keep controlling distribution, but the applications are taking control.What comes next is going to be the culmination of what DeFi primitives have been building toward.Full episode drops tomorrow. ...