Noritaka Okabe, CEO of JPYC, stated on the 11th that the valuation of the stablecoin JPYC, provided by his company, increases as bank services come to a halt, in a post on X.
He explained that even if bank services are suspended, the use of JPYC can continue, thereby enhancing its value. During the bank's downtime, the economy can be sustained with JPYC, and once banks resume operations, reconnecting to the banks will enhance the resilience of the Japanese yen. ...