BlockBeats news, on August 17, according to Nikkei News, the Financial Services Agency of Japan will approve the country's first stablecoin denominated in yen, JPYC, this month. The Financial Services Agency will register the fintech company JPYC Inc. as a remittance business, and it is expected to start sales within weeks of registration. This digital currency will be backed by liquid assets such as government bonds to maintain its value stable at 1 JPYC = 1 yen.