JPYC Inc. Launches Japan's First Regulated Yen Stablecoin with 10 Trillion Yen Circulation Target

JPYC Inc. launched Japan's first legally recognized yen-backed stablecoin on Monday, operating on Ethereum, Avalanche, and Polygon with full reserve backing. The firm aims to reach 10 trillion yen ($65.4 billion) in circulation within three years. JPYC has partnered with Densan System, Asteria, and HashPort for service integration.