1. Tokyo startup JPYC plans to launch a stablecoin pegged to the Japanese yen later in 2025.
- The company has completed necessary registration in Japan.
- CEO Okabe Noritaka believes stablecoins could surpass the scale of bank transfer networks.
2. JPYC aims to issue over 1 trillion yen's worth (approximately $7 billion USD) of its stablecoin within three years.
- This move is intended to boost the value of the Japanese yen and support economic growth.
3. The company intends to use the stablecoin in trade and inter-company transactions in the future, enabling low-cost international transfers and instant payments without financial institutions.
- The company has completed necessary registration in Japan.
- CEO Okabe Noritaka believes stablecoins could surpass the scale of bank transfer networks.
2. JPYC aims to issue over 1 trillion yen's worth (approximately $7 billion USD) of its stablecoin within three years.
- This move is intended to boost the value of the Japanese yen and support economic growth.
3. The company intends to use the stablecoin in trade and inter-company transactions in the future, enabling low-cost international transfers and instant payments without financial institutions.
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Summary
Tokyo startup JPYC aims to launch a Japanese yen-pegged stablecoin in 2025, with plans to issue over 1 trillion yen ($7 billion USD) within three years. The objective is to bolster the value of the Japanese yen and promote economic growth. The stablecoin is intended for use in trade and