Japan Open Chain Operator to Launch 3 Stablecoins Including Yen-Pegged ’JPYA’
Traditional finance gets a blockchain makeover as Japan Open Chain announces three new stablecoins—including the yen-pegged JPYA that might finally give the dollar-dominated crypto space some currency diversity.
Yen Enters the Stablecoin Arena
Japan Open Chain's operator is rolling out three stablecoin varieties, with the yen-backed JPYA taking center stage. This move positions Japan to compete in the rapidly expanding stablecoin market—because what crypto needs is more government-adjacent digital currencies to keep things interesting.
Regulatory Green Light
The Financial Services Agency isn't just watching from the sidelines—they're actively clearing the path for these stablecoin launches. Because when traditional regulators embrace crypto innovation, you know the landscape is shifting faster than a Bitcoin whale's portfolio.
Market Implications
Three new stablecoins entering circulation could reshape Japan's digital asset ecosystem overnight. Watch for ripple effects across Asian markets as this development demonstrates that serious financial players are finally understanding what crypto enthusiasts knew years ago—digital assets are the future, whether traditional banks are ready or not.
Another case of legacy finance playing catch-up with technology that's been revolutionizing money for over a decade—but hey, better late than never for those still using fax machines and paper ledgers.
Top gainers & losers today
Asian Paints, Bharti Airtel, Max Healthcare, Apollo Hospitals, M&M, ITC and Reliance led the gainers of Nifty 50, while Wipro, Eternal, Infosys, Power Grid, Tech Mahindra and Hindalco depreciated the most.
A total of 3,026 stocks were traded on the National Stock Exchange, of which 1,324 stocks advanced, 1,588 declined and 114 remaining unchanged.
About 73 stocks touched their 52-week highs, whereas 51 hit 52-week lows. In addition, 62 stocks were locked in their upper circuit limits, and 32 hit their lower circuits.
Under the midcap segment, Bharti Hexacom, Muthoot Finance, Godfrey Phillips, BDL and IndusInd surged 3-4 per cnet, while Swiggy, Yes Bank, Mphasis, Policy Bazaar, Oil India and Torrent Power dragged 2-4 per cent.
Smallcap stocks Whirlpool, Data Patterns, Radico, Anand Rathi, Delhivery and Ola Electric surged 3-10 per cent, while CreditAccess, IGIL, Afcons and Ircon International declined 2-4 per cent.
On the BSE, Bombay Burmah Trading Corporation and Whirlpool rallied 10 per cent. Spicejet, Force Motors increased over 6 per cent. On the losing side were Wipro, Anupam Rasayan, JSW Infra and Welspun Living.
Shares of Reliance, JSW Steel, Hindustan Zinc, PVR INOX, Polycab, Dixon Tech, Havells, AU SFB, and more will continue to remain in focus today due to Q2 results.
Published on October 17, 2025
Companies to follow- Infosys Ltd
- Wipro Ltd
- Asian Paints Ltd
- Reliance Industries Ltd
- Bharti Airtel Ltd
- Apollo Hospitals Enterprise Ltd
- ITC Ltd
- Power Grid Corporation of India Ltd
- Tech Mahindra Ltd
- Hindalco Industries Ltd
- JSW Steel Ltd
