{"id":14369,"date":"2025-10-27T04:48:04","date_gmt":"2025-10-27T04:48:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/first-yen-pegged-stablecoin-jpyc-to-launch-today-oct-27\/"},"modified":"2025-10-27T04:48:12","modified_gmt":"2025-10-27T04:48:12","slug":"first-yen-pegged-stablecoin-jpyc-to-launch-today-oct-27","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/first-yen-pegged-stablecoin-jpyc-to-launch-today-oct-27\/","title":{"rendered":"First yen-pegged stablecoin JPYC to launch today, Oct. 27"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Japan\u2019s first yen-backed stablecoin, JPYC, will officially launch on Monday, Oct. 27.<\/p>\n<div id=\"cn-block-summary-block_76e0053543c737260e6a6e4819ac1579\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>JPYC\u00a0becomes the first stablecoin fully backed by the Japanese yen and government bonds.<\/li>\n<li>Japan\u2019s megabanks\u00a0plan to issue their own yen-based tokens to drive institutional use.<\/li>\n<li>Adoption challenges\u00a0remain as Japan\u2019s population continues to prefer cash transactions.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>This marks a major milestone in the country\u2019s push toward blockchain-based finance.<\/p>\n<p>According to a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/worlds-first-yen-pegged-stablecoin-debuts-japan-2025-10-27\/\" target=\"_blank\" rel=\"nofollow\">report<\/a> by Reuters, the rollout comes after Japan\u2019s Financial Services Agency gave its approval, and institutional participation has increased, suggesting a shift in the country\u2019s historically cash-heavy economy.<\/p>\n<h2 class=\"wp-block-heading\">Backed by yen and government bonds<\/h2>\n<p>The JPYC stablecoin is\u00a0fully convertible into yen\u00a0and backed by domestic savings and Japanese government bonds. Japan\u2019s adoption of digital payments increased from 13% in 2010 to over 42% in 2024, and the project seeks to accelerate this growth. JPYC will initially waive transaction fees, earning instead from interest on JGB holdings.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Japan\u2019s \u201cBig Three\u201d banks, Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho, are set to launch a joint yen-stablecoin system on Oct. 31 for corporate settlements via MUFG\u2019s Progmat platform. The integration could connect more than 600,000 NetStars payment terminals by mid-November, expanding real-world use.<\/p>\n<h2 class=\"wp-block-heading\">Stablecoin market potential and adoption hurdles<\/h2>\n<p>With its launch, JPYC becomes the first significant non-USD stablecoin supported by a major economy. This could change how liquidity moves throughout Asia. Similar to how U.S. stablecoins have boosted Treasury holdings, Japan\u2019s entry could diversify regional markets and strengthen JGB demand. Currently, the global stablecoin market is worth over $286 billion, with 99% of it being dollar-based.<\/p>\n<p>Bank of Japan Deputy Governor Ryozo Himino recently noted that stablecoins \u201cmight emerge as a key player in the global payment system,\u201d partially replacing traditional deposits. Analysts expect yen-pegged tokens to gain traction over two to three years, with potential spillover into decentralized finance, tokenized assets, and cross-border settlement networks.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Japan\u2019s first yen-backed stablecoin, JPYC, will officially launch on Monday, Oct. 27. Summary JPYC\u00a0becomes the first stablecoin fully backed by the Japanese yen and government bonds. Japan\u2019s megabanks\u00a0plan to issue&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14369"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14369\/revisions"}],"predecessor-version":[{"id":14370,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14369\/revisions\/14370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11060"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}