Japan’s First Yen-Pegged Stablecoin JPYC Launches Amid Financial Evolution
Japan has taken a decisive step into blockchain-based finance with the launch of JPYC, its first yen-backed stablecoin, on October 27, 2025. Fully collateralized by the Japanese yen and government bonds, JPYC offers a regulated digital alternative in a traditionally cash-dominated economy.
The Financial Services Agency's endorsement signals institutional confidence, potentially accelerating adoption among megabanks already exploring yen-based tokens. This MOVE positions Japan at the forefront of Asia's stablecoin innovation race.