Close Menu
Global News HQ
    What's Hot

    Mercury Insurance proposes rate increase in California

    August 18, 2025

    Merck Stock: Shares Bucking The Gardasil Problem, Hiking My Price Target (NYSE:MRK)

    August 18, 2025

    Milan’s Moment

    August 18, 2025
    Recent Posts
    • Mercury Insurance proposes rate increase in California
    • Merck Stock: Shares Bucking The Gardasil Problem, Hiking My Price Target (NYSE:MRK)
    • Milan’s Moment
    • The best cheap smartwatches of 2025: Expert tested and reviewed
    • How Law Students Are Navigating Early Recruitment | Law.com
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Mercury Insurance proposes rate increase in California
    • Merck Stock: Shares Bucking The Gardasil Problem, Hiking My Price Target (NYSE:MRK)
    • Milan’s Moment
    • The best cheap smartwatches of 2025: Expert tested and reviewed
    • How Law Students Are Navigating Early Recruitment | Law.com
    • JPYC Expects to Secure Approval for Japan’s First Regulated Yen-Backed Stablecoin – Decrypt
    • Billionaire Warren Buffett Sold 41% of Berkshire’s Stake in Bank of America and Is Piling Into a Famed Consumer Brand That’s Soared 7,200% Since Its IPO | The Motley Fool
    • Raspberry Pi releases smaller five-inch Touch Display 2 — lower in price, same resolution as larger model
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - JPYC Expects to Secure Approval for Japan’s First Regulated Yen-Backed Stablecoin – Decrypt
    Cryptocurrency & Blockchain

    JPYC Expects to Secure Approval for Japan’s First Regulated Yen-Backed Stablecoin – Decrypt

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    JPYC Expects to Secure Approval for Japan’s First Regulated Yen-Backed Stablecoin – Decrypt
    Share
    Facebook Twitter LinkedIn Pinterest Email



    In brief

    • Japan’s FSA is expected to approve JPYC’s yen-backed stablecoin, making it the first regulated one in the country.
    • Circle’s USDC entered the Japanese market earlier this year in partnership with local firm SBI.
    • JPYC’s CEO has distanced the stablecoin from cryptocurrency, calling it a fiat-linked digital payment method.

    Japanese fintech firm JPYC is expected to receive regulatory approval from the Financial Services Agency (FSA) for its yen-backed stablecoin later this year, making it the first officially recognized issuance of its kind in Japan.

    The company has already been operating a version of the token—also named JPYC—but will now bring it under the country’s stablecoin framework, with broader sales to individuals, corporations and institutional investors expected to begin once its registration as a money transfer business is completed.

    JPYC aims to issue nearly $7 billion worth of the token within three years, according to a report by Nikkei.

    Stablecoins around the world

    Global hype around stablecoins has pushed their combined market capitalization to roughly $250 billion, attracting the attention of regulators and investors alike.

    With the likes of Hong Kong and the U.S. rolling out stablecoin regulation over the last couple of months, regulators around the world are scrambling to catch up with surging interest.

    That said, Japan’s stablecoin legislation came into effect in June 2023 under its Payment Services Act, with additional amendments broadening its scope submitted to the Diet in March this year.

    Uptake has been slow. In March, Circle partnered with local exchange SBI Holdings to launch the first regulated dollar-pegged stablecoin in Japan.

    And if its approval comes through, JPYC will be the only yen-backed regulated stablecoin in the country.

    Aimed at being used for payments, including cross-border transfers, JPYC’s CEO, Noritaka Okabe, has been noticeably careful to distance the project from the cryptocurrency label, stressing in multiple posts on X that the token is an “electronic payment method” rather than a speculative crypto asset.

    今こそ広めてほしい!
    JPYCは電子決済手段であり、暗号資産ではありません。

    価値が法定通貨と連動した通貨建資産であり、デジタル現金と預金の良いとこ取りのような性質です。

    — 岡部典孝 JPYC代表取締役 (@noritaka_okabe) August 17, 2025

    The JPYC stablecoin is “not a cryptocurrency,” he tweeted on Sunday.

    “It’s a currency-denominated asset whose value is linked to fiat currency, combining the best qualities of digital cash and deposits.”

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleBillionaire Warren Buffett Sold 41% of Berkshire’s Stake in Bank of America and Is Piling Into a Famed Consumer Brand That’s Soared 7,200% Since Its IPO | The Motley Fool
    Next Article How Law Students Are Navigating Early Recruitment | Law.com

    Related Posts

    3 Things That Could Impact Crypto Markets in Week Ahead 

    August 18, 2025

    XRP Monthly RSI Points To Cycle 3 Blow-Off Top, Analyst Predicts 97 Peak

    August 18, 2025

    100 days over $100k and nobody cares: Why Bitcoin’s bull run feels lonely

    August 17, 2025

    94% of XRP holders are in profit: Has the price topped?

    August 17, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Insurance
    1 Min Read

    Mercury Insurance proposes rate increase in California

    The plan will strengthen its ability to insure Californians in distressed regions, it is stated…

    Merck Stock: Shares Bucking The Gardasil Problem, Hiking My Price Target (NYSE:MRK)

    August 18, 2025

    Milan’s Moment

    August 18, 2025

    The best cheap smartwatches of 2025: Expert tested and reviewed

    August 18, 2025
    Top
    Insurance
    1 Min Read

    Mercury Insurance proposes rate increase in California

    The plan will strengthen its ability to insure Californians in distressed regions, it is stated…

    Merck Stock: Shares Bucking The Gardasil Problem, Hiking My Price Target (NYSE:MRK)

    August 18, 2025

    Milan’s Moment

    August 18, 2025
    Our Picks
    Insurance
    1 Min Read

    Mercury Insurance proposes rate increase in California

    The plan will strengthen its ability to insure Californians in distressed regions, it is stated…

    Finance & Investment
    1 Min Read

    Merck Stock: Shares Bucking The Gardasil Problem, Hiking My Price Target (NYSE:MRK)

    Merck: Shares Bucking The Gardasil Problem, Hiking My Price Target Source link

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version