Japan Launches Its First Legal Stablecoin and Millions May Soon Use It

Japan has officially entered a new era of digital ￰0￱ company JPYC ￰1￱ launched JPYC, the country’s first legally recognized yen-backed stablecoin, now live on Ethereum, Avalanche and ￰2￱ release became effective on October 27, 2025, following the company’s registration as a money transfer service provider under the Payment Services Act. A Regulated Stablecoin Backed by Yen and Government Bonds JPYC is classified as an electronic payment instrument and is designed to maintain a 1:1 value with the Japanese ￰3￱ stablecoin is supported by bank deposits and Japanese government bonds that exceed 100% of JPYC in circulation, ensuring strong collateral and ￰4￱ stablecoin offers: Instant transfers while maintaining yen-pegged value Low transaction costs and fast on-chain settlement Direct issuance and redemption through the JPYC EX platform Users can deposit yen to receive JPYC in their own wallet or send JPYC back for yen ￰5￱ requires My Number Card / JPKI verification, supporting Japan’s compliance-based digital identity ￰6￱ Ecosystem and a ¥10 Trillion Target JPYC aims to issue ¥10 trillion (≈$65 billion) within three ￰7￱ context, USDT’s market cap exceeds $183 billion today, leaving significant room for the yen-based stablecoin market to ￰8￱ companies and services are already integrating JPYC, including Densan System Co., ASTERIA Warp, HashPort Wallet, Nudge Card, and tools for business automation, creator payments, and tax ￰9￱ ￰10￱ that it is working to build an open financial infrastructure that any business or developer can integrate without special agreements, aiming to expand usage in both Japanese and global markets.