Foresight News reports that, according to Nikkei, Japan's Financial Services Agency will approve the country's first yen-denominated stablecoin, JPYC, this month. The Financial Services Agency will register the fintech company JPYC Inc. as a remittance business, with sales expected to begin within weeks after registration. This digital currency will be backed by liquid assets such as government bonds to maintain its value stable at 1 JPYC = 1 yen.