Tuesday, 28 October, 2025
Japan Launches First Yen-Pegged Stablecoin
A Japanese startup, JPYC, has debuted the world's first stablecoin pegged to the Japanese yen. The digital currency is fully convertible and is backed by domestic savings and Japanese government bonds (JGB). This move follows new rules allowing stablecoin issuance in Japan and signifies growing global momentum for digital currencies, even as policymakers express concern over potential disruption to traditional banking.
Read full story at Economic Times