JPYC Debuts Regulated Yen Stablecoin, Targeting 10 Trillion Yen in Circulation

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Japanese fintech JPYC Inc. has launched the country’s first regulated, yen-denominated stablecoin, JPYC, with a bold vision to circulate 10 trillion yen (approximately $65.4 billion) within three years. The launch includes a dedicated platform, JPYC EX, for issuance and redemption.

Fully compliant with Japan’s Payment Services Act, the JPYC token is backed 100% by yen and government bonds, providing a trusted digital asset for the domestic Web3 ecosystem. It is designed to maintain a 1:1 peg with the Japanese yen and is deployed on multiple blockchains, including Ethereum, Polygon, and Avalanche, to ensure broad accessibility.

User onboarding requires verification through Japan’s national “My Number” identification system. This regulated launch paves the way for greater institutional and retail adoption of digital assets in Japan, providing a compliant alternative to global stablecoins like USDT.