#binance #hype #zec #near
27/10/25 09:08 UTC-04

Japan Launches First Yen-Pegged Stablecoin

Japan has launched the world’s first stablecoin pegged to the yen. The cryptocurrency, called JPYC, was developed by the startup of the same name, Reuters reports. The stablecoin is backed by bank deposits and Japanese government bonds (JGBs).

The developer plans to issue up to ¥10 trillion ($66 billion) worth of stablecoins over the next three years. Initially, JPYC will be free to use for commercial purposes, with profits coming from interest on the held bonds. According to JPYC CEO Noritaka Okabe, the initiative aims to boost technological innovation in Japan.

However, former Bank of Japan executive Tomoyuki Shimoda is less optimistic about the stablecoin’s prospects. He believes yen-denominated stablecoins, including JPYC, won’t achieve the same popularity as dollar-pegged ones, since the U.S. dollar’s global reserve status played a key role in their success. Still, Shimoda admits that if major Japanese banks enter the market, the development of yen-based stablecoins could accelerate — though he expects it to take at least two to three years.

Earlier in October, three major Japanese banks — Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho — announced plans to launch two stablecoins pegged to the yen and the U.S. dollar.

See also: "Key Events This Week That Could Shape Bitcoin’s Trajectory"

#Stablecoins #Japan #National

Editor: Yulia Krasnaya
Comments

Similar

10/06/26 07:52 UTC-04

Japan’s Three Largest Banks Plan to Launch a Joint Stablecoin by 2027

Japan’s three largest banking groups, among the country’s leading financial institutions, are working on a joint stablecoin project to develop blockchain-based payment systems. According to Reuters, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group plan to issue a joint stablecoin by March 2027.

20/05/26 09:37 UTC-04

Japan Legalises Foreign Stablecoins

Japan’s Financial Services Agency (FSA) has formally approved new rules allowing foreign trust-type stablecoins to operate within the country’s national payment ecosystem. The amendments were published on 19 May 2026.

06/11/25 08:41 UTC-04

Kyrgyzstan Registers Stablecoin USDKG

The authorities of Kyrgyzstan have officially registered the USDKG stablecoin, according to local media outlet Tazabek, citing data from the Financial Market Regulation and Supervision Service. The Ministry of Finance stated that “the stablecoin has not yet been launched and is currently in the preparatory stage. Further information will be provided after the launch.”

28/10/25 02:16 UTC-04

Kyrgyzstan Launches National Stablecoin in Partnership with Binance

Frankmedia — Kyrgyzstan has launched its national stablecoin KGST and central bank digital currency (CBDC) in partnership with the cryptocurrency exchange Binance, according to a post on X (formerly Twitter) by Changpeng Zhao, founder of Binance and digital asset advisor to President Sadyr Japarov.

11/06/26 19:41 UTC-04

Japan Equates Cryptocurrencies with Securities

Japan has approved a large-scale reform of crypto regulation: Bill No. 57 passed the committee of the lower house of parliament on 10 June 2026, the plenary session on 11 June, and was transferred to the upper house on the same day. The document amends two key laws at once — the Financial Instruments and Exchange Act and the Payment Services Act.