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.

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This story has been updated to include comments from the Financial Services Agency of Japan Japan is set to approve the ...

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The new stablecoin law called for the Treasury engagement on detecting illicit crypto activity, so the department is opening ...

Japan is set to launch its first yen-backed stablecoin this fall, led by fintech firm JPYC to support payments and digital ...