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Japan’s First Yen-Backed Stablecoin Launches With 0% Fees

Japan’s First Yen-Backed Stablecoin Launches With 0% Fees

Author:

Global Cryptocurrency

Published:

2025-10-28 03:20:02

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BTCCSquare news:

Japanese startup JPYC has launched the world's first yen-pegged stablecoin, marking a significant entry into a market dominated by dollar-linked counterparts like USDT and USDC. The token, backed 1:1 by domestic deposits and Japanese government bonds, aims to carve out a niche in the $130 billion stablecoin sector.

JPYC EX, the platform facilitating issuance and redemption, is waiving fees initially—opting instead to generate revenue through JGB interest. The stablecoin debuts on Ethereum, Avalanche, and Polygon, with plans for multi-chain expansion. A three-year target of 10 trillion yen ($65.5 billion) in issuance could position JPYC as a formidable challenger to dollar-denominated stablecoins.

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