JPYC Launches Japan’s First Yen-Backed Stablecoin with Institutional Focus
Japanese startup JPYC has unveiled the nation's first fully yen-pegged stablecoin, marking a significant milestone in Japan's digital asset evolution. The JPYC stablecoin, backed 1:1 by domestic bank deposits and Japanese government bonds, launched alongside its dedicated issuance platform JPYC EX.
CEO Noritaka Okabe positions the stablecoin as a bridge between traditional finance and crypto markets, targeting institutional investors and family offices. 'We're building infrastructure for the digital yen era,' Okabe stated, noting plans for global expansion while maintaining zero transaction fees.
The launch coincides with strategic maintenance of the JPYC EX portal, suggesting forthcoming feature enhancements. Market observers note this development could accelerate institutional crypto adoption in Japan's tightly regulated financial landscape.
