LINE Aims to Popularize JPYC Usage, LINE NEXT and JPYC Explore Collaboration

On January 20th, JPYC Corporation announced the signing of a memorandum of understanding (MOU) with LINE NEXT, a subsidiary of LINE Yahoo, to begin exploring collaboration for the use of the Japanese yen-denominated stablecoin 'JPYC'. The aim is to create an environment where anyone can easily use JPYC on the LINE app.

LINE NEXT plans to introduce a new stablecoin wallet on the LINE app, as well as enhance existing related services, to ensure the safe and efficient circulation of JPYC, leverage it for rewards, and improve convenience in daily transactions. Addressing the major challenge of popularizing Web3 in the Japanese market in everyday life...