Stablecoin News: Japan's Regulator to Approve First Yen-Denominated Token, Issued by JPYC

Stablecoin News: Japan's Regulator to Approve First Yen-Denominated Token, Issued by JPYC

Approval of JPYC's JPY-pegged token could happen as early as the next few months.

Circle-Backed Company's Yen Stablecoin Nears Official Approval In Japan: Report - Grayscale Ethereum Mini Trust (ETH) Common units of fractional undivided beneficial interest (ARCA:ETH)

Japan’s market regulator is on the verge of approving the nation’s first yen-denominated stablecoin, according to a report dated Sunday. JPYC Stablecoin On The Horizon? The Financial Services Agency is preparing to authorize the issuance of JPYC, an Ethereum (CRYPTO: ETH)-based cryptocurrency pegged to the value of yen, Nikkei reported. The move is designed to leverage the stablecoin for international remittances and beyond. The stablecoin’s iss…

Japan to roll out first yen-pegged stablecoin: report

Japan is reportedly gearing up to launch its first official stablecoin, as interest for the asset class deepens across Asia. According to a recent report by local outlet Nikkei Asia, Japan’s Financial Services Agency (FSA) is preparing to approve the…

Japan to Approve First Yen-Backed Stablecoin JPYC for Digital Asset Regulation

Japan will approve its first yen stablecoin this fall with JPYC set to lead the rollout. JPYC will be backed by bank deposits and government bonds to keep a one to one peg with the yen. The launch could increase demand for Japanese bonds and boost cross-border transactions with stable value. Japan’s Financial Services Agency (FSA) is preparing to approve the country’s first yen-backed stablecoin this fall. The Tokyo-based fintech company JPYC wi…

Japan Prepares Green Light for Yen-Pegged Digital Currency

Japan’s top financial regulator, the Financial Services Agency (FSA), is preparing to allow the first stablecoins tied to the yen later in 2025, according to a report by The Nihon Keizai Shimbun.