Japanese fintech startup JPYC said on Friday it has obtained a licence to issue the country’s first yen-pegged stablecoin, ...

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JPYC becomes Japan’s first yen pegged coin which will be backed by Japanese government bonds and through domestic savings.

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Key takeaways GYEN is a fiat-backed stablecoin built on the Ethereum blockchain. The code is open-source on Github. The price of Gyen digital assets is pegged to the Japanese Yen (JPY) value. GYEN is ...

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A Japanese startup named JPYC, based in Tokyo, is set to issue the first yen-pegged stablecoin later this year, expected around autumn 2025.

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Japanese startup JPYC is set to issue the first yen-pegged stablecoin later this year. The move follows the company's recent acquisition of a necessary license.

The stablecoin, which will be called JPYC, will be fully convertible to the yen and backed by Japanese government bonds, CEO Noritaka Okabe says.