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Yen Stablecoin in Japan
November 1 , 2025
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- Japan’s startup JPYC will issue the world’s first stablecoin fully pegged to the yen.
- The stablecoin is backed by domestic savings and Japanese government bonds (JGB).
- It is named JPYC and will initially have no transaction fees.
- Revenue will come from interest on JGB holdings.
- Stablecoins pegged to fiat currencies offer faster and cheaper transactions compared with traditional banking methods.
- Cashless payments in Japan rose to 42.8% in 2024 from 13.2% in 2010.
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