JPYC debuts Japan’s first fully yen-backed stablecoin

On Monday, Japanese startup JPYC officially launched a yen-denominated stablecoin, ￰1￱ Japanese firm also announced the debut of its issuance and redemption platform, JPYC EX, which will support its newly debuted yen-pegged ￰2￱ revealed that they’ll be conducting maintenance on the JPYC EX service page in preparation for its public ￰3￱ firm also directed its users to access the new platform only after the maintenance is ￰4￱ debuts its issuance platform 【⚙️メンテナンスのお知らせ】 本日12:30〜13:00の間、 JPYC EXサービスページ（ ￰0￱ ） の公開準備に伴うメンテナンスを実施いたします。 メンテナンス終了後に、ぜひアクセスください。 新しいJPYC EXサービスページをお楽しみに！ #JPYC #JPYCEX #メンテナンス情報 — JPYC株式会社 (@jpyc_official) October 27, 2025 JPYC’s CEO, Noritaka Okabe, stated that the stablecoin will be fully convertible to the yen and backed by domestic savings and Japanese government bonds (JGBs).

He also revealed that the company expects demand for the stablecoin to come from institutional investors, hedge funds, and family offices in ￰5￱ confirmed that the firm plans to expand JPYC’s reach to people worldwide as digital ￰6￱ also confirmed that it won’t charge transaction fees for the ￰7￱ Japanese startup noted that the more stablecoins it issues, the more JGBs it will hold, and it plans to generate revenue from the interest on those ￰8￱ stablecoins will be available on several blockchains, including Avalanche, Ethereum, and ￰9￱ initiative to launch a stablecoin in Japan comes as the country’s financial infrastructure is dominated by traditional payment means such as cash and credit cards.

Japan’s Financial Services Agency approved the stablecoin, suggesting a shift in the country’s historically cash-heavy ￰10￱ to government data, Japan’s adoption of digital payments has surged over the years, from 13.2% in 2010 to over 42.8% in ￰11￱ adoption of stablecoins is set to accelerate the country’s growth in crypto ￰12￱ previously reported that Japanese banks, Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho, are planning to establish a joint yen-stablecoin system on October ￰13￱ country’s Big Three financial institutions revealed that the stablecoin will be used for corporate settlements via MUFG’s Progmat ￰14￱ banks believe that the initiative could connect more than 600,000 NetStars payment terminals by mid-November, thereby expanding the real-world use of the ￰15￱ launch of a yen-denominated stablecoin makes JPYC the first significant non-USD stablecoin supported by a major ￰16￱ as ￰17￱ have boosted Treasury holdings in the U.

S., Japan’s stablecoin could also change how liquidity moves across Asia. Japan’s initiative could also diversify regional markets and strengthen demand for ￰18￱ sees stablecoins replacing traditional deposits According to the Bank for International Settlements, the ￰19￱ the $286 billion stablecoin market, with 99% being dollar-based digital ￰20￱ Shimoda, a former BOJ executive, argued that it would take time for yen-backed digital assets to gain adoption compared to U. S.-backed stablecoins. “There’s a lot of uncertainty on whether yen stablecoins will become widespread in ￰21￱ megabanks join the market, the pace could ￰22￱ it could still take at least two to three years.” ~ Tomoyuki Shimoda, Senior Policymaker at the Bank of ￰23￱ of Japan Deputy Governor Ryozo Himino recently argued that stablecoins might emerge as a key player in the global payment ￰24￱ also believes that stablecoins will partially replace traditional ￰25￱ bank’s governor also expects yen-pegged tokens to gain traction over the next two to three ￰26￱ argued that the digital assets could potentially spill over into decentralized finance, tokenized assets, and cross-border settlement networks.

Japan’s advancement into the crypto sector follows ￰27￱ Donald Trump’s support for the industry, which has sparked a revival of interest in blockchain in the mainstream financial ￰28￱ country first established rules in 2023 to allow the issuance of fiat-backed ￰29￱ ￰30￱ established stablecoin legislation, the GENIUS Act, which sets rules for U. S. dollar-backed digital ￰31￱ is also considering the inclusion of a yuan-backed stablecoin in its financial sector, a sign of growing adoption of the fiat-denominated currency, which offers faster and cheaper ￰32￱ Korea has also hinted at allowing firms to establish won-based ￰33￱ your free seat in an exclusive crypto trading community - limited to 1,000 members.