“Want to Be Japan’s Circle,” Says JPYC, Japan’s First Stablecoin Issuer

JPYC Inc. , a Tokyo-based fintech, has secured regulatory approval to issue Japan’s first yen-denominated stablecoin and will launch a new issuance and redemption platform dubbed “JPYC X” in the coming weeks. The announcement marks a breakthrough for Japan’s digital asset industry as it adapts to new legislation designed to bring stablecoins under financial regulation. Japan’s First Licensed Yen Stablecoin In Tuesday afternoon’s press conference, the company said it received registration as a “funds transfer service provider” under Japan’s amended Payment Services Act, enabling it to issue the electronic money token directly backed by yen source: https://beincrypto.com/want-to-be-japans-circle-says-jpyc-japans-first-stablecoin-issuer/