{"id":52891,"date":"2025-10-27T13:38:36","date_gmt":"2025-10-27T06:38:36","guid":{"rendered":"https:\/\/hbbgroup.net\/japan-sees-launch-of-its-first-yen-backed-stablecoin-jpyc\/"},"modified":"2025-10-27T13:38:36","modified_gmt":"2025-10-27T06:38:36","slug":"japan-sees-launch-of-its-first-yen-backed-stablecoin-jpyc","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/japan-sees-launch-of-its-first-yen-backed-stablecoin-jpyc\/","title":{"rendered":"Japan sees launch of its first yen-backed stablecoin, JPYC"},"content":{"rendered":"
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JPYC President Noriyoshi Okabe said that the stablecoin has already garnered interest from seven companies that are looking to incorporate it into their services. <\/p>\n

\"Japan<\/picture><\/div>\n
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Tokyo-based fintech firm JPYC has launched Japan\u2019s first yen-backed stablecoin along with a platform to issue the new coin, amid a growing global race to corner the growing market.<\/p>\n

The Japanese yen stablecoin<\/a> JPYC went live on Monday and is backed one-to-one by bank deposits and government bonds, and also has a 1:1 exchange rate with the yen, the company said<\/a> on Friday.<\/p>\n

At a press conference in Tokyo, JPYC President Noriyoshi Okabe said the stablecoin from his company is a \u201cmajor milestone in the history of Japanese currency,\u201d and has also attracted interest from seven companies planning to incorporate it, according<\/a> to a report from Business Insider Japan.\u00a0\u00a0<\/p>\n

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Source: <\/em>Noriyoshi Okabe<\/em><\/a><\/figcaption><\/figure>\n

JPYC\u2019s launch has come as the global stablecoin market, dominated by dollar-pegged assets like USDT (USDT<\/a>) and Circle\u2019s (USDC<\/a>), has exploded<\/a> to have a market capitalization of over $308 billion. US dollar stablecoins have already established a foothold in Japan, with Circle launching USDC in the country on March 26<\/a>.<\/p>\n

Stablecoin platform launch<\/h2>\n

In conjunction with its stablecoin, the company has also launched JPYC EX, a dedicated platform created for issuing and redeeming the token, which is governed by strict identity and transaction verification under the Act on Prevention of Transfer of Criminal Proceeds.<\/p>\n

Users can deposit Japanese yen into an account via bank transfer to receive JPYC to a registered wallet address and also receive a refund in yen to a withdrawal account.<\/p>\n