According to Deep Tide TechFlow, the Financial Services Agency of Japan will approve the first issuance of the yen-denominated stablecoin JPYC this month. JPYC Inc. will register as a remittance business company and is expected to begin sales within a few weeks after registration. This digital currency is backed by liquid assets such as government bonds to maintain its value stability at 1 JPYC = 1 yen.