Japan’s JPYC Inc. has officially launched the nation’s first legally recognized yen-denominated stablecoin, the JPYC, kicking off trading on its JPYC EX platform this week. The company, registered as a fund transfer service provider with the Financial Services Agency, is pioneering stablecoin innovation under Japan’s updated Payment Services Act.
The JPYC token maintains a 1:1 peg to the yen and operates across Avalanche, Ethereum, and Polygon networks. Each token is backed by 100% reserves in yen deposits and government bonds, ensuring full regulatory compliance.
Users can acquire JPYC after completing My Number card identity verification. The company has set an ambitious target of reaching ¥10 trillion ($65.4 billion) in circulation within three years and plans to expand blockchain compatibility and partnerships.
Several Japanese companies have already announced plans to integrate JPYC into their ecosystems, signaling a strong step toward Japan’s regulated digital currency future.
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