Japan Welcomes First Fully Yen-Convertible Stablecoin, JPYC, Marking Digital Finance Milestone
Japan's financial landscape has been revolutionized with the official launch of JPYC, the world's first stablecoin fully convertible to the Yen, on Monday, October 27, 2025. This groundbreaking digital currency, meticulously designed for a 1:1 peg with the Yen and backed by bank deposits and Japanese government bonds, aims to integrate blockchain technology into the nation's traditionally cash-dominated system and accelerate financial innovation.