Japan Set to Approve First Yen-Backed Stablecoin

2025-08-18 05:20:14

Abstract generation in progress

Story Highlights* Japan set to approve its first yen-backed stablecoin, with JPYC leading issuance backed by cash and JGBs.

Move could reshape remittances, payments, and even Japan’s bond market, signaling stablecoins’ mainstream entry.

MOVE-4.22%

BOND-0.49%

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