JPYC

**JPYC has established the first-ever JPY position on a blockchain network**, positioning itself at the forefront of Japan's digital currency evolution. This development represents a significant milestone for **on-chain foreign exchange platforms** and Japan's broader digital asset infrastructure. Key implications: - First JPY-denominated position on the network - Advances Japan's digital yen capabilities - Enables next-generation FX trading platforms The move builds on Japan's regulatory progress, with the Financial Services Agency previously signaling approval for yen-denominated stablecoins. **JPYC continues to bridge traditional finance with DeFi**, offering users seamless integration between crypto and real-world transactions.

**JPYC has officially become an authorized issuer of a yen-pegged stablecoin in Japan**, marking a significant regulatory milestone for digital currency adoption in the country. Key developments: - Received official approval to issue yen-backed stablecoin - Aims to establish digital yen for **worldwide usage** - Represents Japan's first fully regulated stablecoin initiative The company plans to continue efforts toward making their stablecoin a globally recognized digital yen. This approval follows previous regulatory progress, including becoming Japan's first fully backed stablecoin pegged 1:1 to the Japanese yen. Full details available in the [Japanese press release](https://prtimes.jp/main/html/rd/p/000000283.000054018.html). Follow updates on their official Japanese account [@jpyc_official](https://twitter.com/jpyc_official).