Japan Approves Its First-Ever Yen-Pegged Stablecoin, Backed by Government Bonds

Japan has officially entered the stablecoin race after the country’s Financial Services Agency (FSA) granted regulatory approval to JPYC Inc., a Tokyo-based fintech startup, to issue Japan’s first yen-pegged stablecoin. The token, also branded as JPYC, is expected to debut in the autumn of 2025 and will maintain a one-to-one peg with the Japanese yen. […] The post Japan Approves Its First-Ever Yen-Pegged Stablecoin, Backed by Government Bonds appeared first on Coin Edition.