Japan Makes Historic Cryptocurrency Move! Here Are the Details…

Another new step has come from Japan, which has recently taken important steps in many areas such as cryptocurrencies and ￰0￱ announced the issuance of the world's first yen-pegged stablecoin, according to ￰1￱ fintech firm JPYC stated that its stablecoin, named JPYC, is fully backed by domestic deposits and Japanese government bonds and is 1:1 exchangeable with ￰2￱ announced that its stablecoin is 1:1 exchangeable with yen and charges no transaction fees. Instead, the company plans to generate revenue through interest income from Japanese government ￰3￱ will run on Ethereum (ETH), Avalanche (AVAX), and Polygon ￰4￱ has been reported that many Japanese companies will also begin integrating the stablecoin into their own ￰5￱ you may recall, Bank of Japan (BOJ) Vice Governor Ryuzo Himino stated last week that “stablecoins can play an important role in global payment systems.” He emphasized that global regulations need to be adapted for stablecoins to be used in the ￰6￱ developments continue to unfold in Japan's cryptocurrency ￰7￱ Solutions, listed on the Tokyo Stock Exchange, announced a few days ago that it had purchased 2,365 ETH in just one week, making it Japan's largest Ethereum treasury ￰8￱ News: Japan Makes Historic Move for Ethereum (ETH)!

"Largest Outside the US!" *This is not investment ￰9￱ Reading: Japan Makes Historic Cryptocurrency Move! Here Are the Details…