Japan’s JPYC Launches World’s First Yen-Backed Stablecoin

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The post Japan’s JPYC Launches World’s First Yen-Backed Stablecoin appeared first on Coinpedia Fintech News

JPYC Inc has launched Japan’s first yen-pegged stablecoin, JPYC, and its dedicated platform for issuing and redeeming tokens, JPYC EX. The stablecoin is secured 1:1 with Japanese yen and backed by bank deposits and government bonds, offering strong reliability. Users can access JPYC on Avalanche, Ethereum, and Polygon blockchains, making it versatile for digital payments. This move marks a major step in Japan’s shift toward blockchain-based finance and cashless transactions.