Recently, Japanese startup JPYC announced that it will launch the first Japanese government bond-backed yen stablecoin in 2025, with a 1:1 yen exchange model and no transaction fees. The initial target audience includes institutional investors, hedge funds, and family offices, while the long-term goal is to become a digital yen alternative for international use. This is an important step for Japan in the global stablecoin ecosystem and indicates that the stablecoin landscape in the Asia-Pacific market is taking off.

#JPYC