Japan to Launch First Yen-Pegged Stablecoin 'JPYC' in 2025
A Japanese startup has received a license to issue the first stablecoin backed one-to-one by yen, using domestic savings and Japanese government bonds for support. It'll launch later this year, with no transaction fees — revenue comes from interest on the bonds. Initially aimed at institutional investors, the stablecoin could eventually become a global digital yen.