Home Japan’s JPYC Launches First Legally Recognized Yen Stablecoin

Japan’s JPYC Launches First Legally Recognized Yen Stablecoin

By Ruchi SharmaOctober 28, 20251 Mins read693 Views

Japan’s JPYC Launches First Legally Recognized Yen Stablecoin

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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Ruchi Sharma -

Ruchi Sharma is a seasoned media professional with over 20 years of experience in the industry, including 4 years dedicated to Blockchain Industry and Web3. Holding a Master’s degree in Mass Communication and a Bachelor’s degree in Commerce, Ruchi combines academic excellence with a dynamic career that spans across roles as an Anchor, Writer, Correspondent, and Producer.

Her transition into the blockchain sector reflects a deep passion for emerging technologies, with a sharp focus on NFTs, Blockchain innovation, and Decentralized ecosystems. Leveraging her extensive media background, Ruchi excels at breaking down complex concepts into engaging narratives, making her a trusted voice for audiences navigating the fast-evolving Web3 space.

Known for her editorial precision and journalistic depth, Ruchi brings a rare blend of storytelling expertise and technical insight, ensuring her work remains impactful, informative, and forward-looking in the rapidly transforming digital economy.