Japan’s First Yen-Pegged Stablecoin Launching Soon
Japanese startup JPYC is set to launch the first stablecoin linked to the yen, named JPYC, later this year. Backed by Japanese savings and government bonds, this digital currency aims to cater to institutional investors in Japan initially, with plans for global use as a digital yen. JPYC will have no transaction fees and will generate income through interest on its bond holdings. The rise of blockchain-based stablecoins is notable worldwide, and JPYC is positioned to take advantage of this trend, offering fast and cost-effective transactions.
