Japan’s First Licensed Stablecoin JPYC Goes Live
Leveraging Japan’s progressive crypto asset framework, JPYC Inc. has launched the nation’s first legally recognized stablecoin. The launch follows the company’s registration as a fund transfer service provider with the Financial Services Agency in August, operating in full compliance with the Payment Services Act.
This regulatory status distinguishes JPYC from many global stablecoins by requiring transparent, 100% reserve backing in yen and government bonds. The JPYC token, which trades on blockchains like Ethereum and Avalanche, is accessible to users who complete KYC procedures using the official “My Number” ID card.
The regulated launch signals a new chapter for Japan’s digital economy, offering a government-sanctioned bridge between traditional finance and blockchain networks. JPYC Inc. aims to capitalize on this first-mover advantage, targeting massive circulation growth in the coming years.
