Japan's First Yen-Denominated Stablecoin JPYC Set for Official Release

On the 24th, JPYC Corporation announced the official release of the yen stablecoin 'JPYC' and its issuance and redemption platform 'JPYC EX'. Starting at 1 PM on October 27, the company will begin accepting orders from prospective buyers. Users can reserve issuance on JPYC EX and transfer funds from a bank account to a designated JPYC account, after which the stablecoin JPYC will be issued to their registered wallet address. On August 18, 2025, the company was registered as a Type II Funds Transfer Business under the Payment Services Act, becoming the first issuer of a yen-denominated stablecoin based on this regulatory framework. Issuance and redemption...