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The world&'s first Japanese yen stablecoin was officially launched in Japan today


2025-10-2710965 Views
 the Japanese startup company JPYC announced the issuance of a stablecoin that can be fully exchanged with the yen, supported by domestic savings and Japanese government bonds. Ryozo Himino, Deputy Governor of the Bank of Japan, stated last week that stablecoins could become key participants in the global payment system, partially replacing bank deposits. JPYC will initially not charge transaction fees to expand its usage, and will earn profits through holding Japanese government bonds. Tomoyuki Shimoda, a scholar at Rikkyo University and former central bank executive, believes that the popularization of the yen stablecoin in Japan will take at least 2-3 years.




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