A: Hey there! Got any interesting news?
B: Not really, why?
A: Well, a Tokyo startup is about to release the first Japanese yen-pegged stablecoin cryptocurrency this year!
B: No way! That sounds cool. What's it called?
A: They named it JPYC. The CEO, Okabe Noritaka, thinks it could grow bigger than bank transfer networks!
B: Wow, that's ambitious! What does it do exactly?
A: It uses blockchain technology and is tied to the yen. It allows for low-cost international transfers and instant payments without banks.
B: Interesting! How much are they planning to issue?
A: More than 1 trillion yen over three years, which is almost 7 billion dollars!
B: Whoa, that's a lot of money! What will it be used for in the future?
A: They want it to be used in trade and inter-company transactions. Sounds like it could revolutionize things!
B: Not really, why?
A: Well, a Tokyo startup is about to release the first Japanese yen-pegged stablecoin cryptocurrency this year!
B: No way! That sounds cool. What's it called?
A: They named it JPYC. The CEO, Okabe Noritaka, thinks it could grow bigger than bank transfer networks!
B: Wow, that's ambitious! What does it do exactly?
A: It uses blockchain technology and is tied to the yen. It allows for low-cost international transfers and instant payments without banks.
B: Interesting! How much are they planning to issue?
A: More than 1 trillion yen over three years, which is almost 7 billion dollars!
B: Whoa, that's a lot of money! What will it be used for in the future?
A: They want it to be used in trade and inter-company transactions. Sounds like it could revolutionize things!
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Summary
First Japanese yen-pegged stablecoin, JPYC, to be released by a Tokyo startup in 20XX. CEO Okabe Noritaka envisions it growing larger than bank transfer networks. The cryptocurrency utilizes blockchain technology for low-cost international transfers and instant payments without banks. More than 1