JPYC Poised to Become Japan’s First Yen-Denominated Stablecoin With FSA Approval

Japan’s Financial Services Agency (FSA) will approve the country’s first yen-denominated stablecoin, JPYC, this autumn, with issuer JPYC Inc. set to register as a funds transfer service by late August.

Pegged 1:1 to the yen and backed by bank deposits and government bonds, JPYC aims to streamline remittances and corporate payments, targeting ¥1 trillion in issuance within three years. The move follows Japan’s revised Payment Services Act, which formally regulates stablecoins and permits licensed firms to issue them.

JPYC’s CEO Noritaka Okabe says the stablecoin could boost demand for government bonds while expanding Japan’s digital finance ecosystem.

Clever Robot News Desk 19^th August 2025