Japan Launches First Yen-Backed Stablecoin, JPYC
Date: 2025-10-28 Author: Henry Casey Categories: CRYPTO PAYMENTS, IN WORLD
Japan has officially launched its first legally recognized yen-backed stablecoin. Fintech company JPYC Inc. announced that the JPYC token, which operates on the Ethereum, Avalanche, and Polygon blockchains, will be in circulation on October 27, 2025. This launch follows months of preparation and the receipt of a license under the Payment Services Act on August 18, 2025.
JPYC is classified as an electronic payment instrument, enabling instant and low-cost transfers while maintaining a stable value equal to the Japanese yen. One token is equal to one yen, and all issued assets are backed by deposits and government bonds worth more than the total number of coins in circulation.
A dedicated platform, JPYC EX, has been created for users, allowing them to convert yen to JPYC and vice versa. This process requires identity verification through My Number Card or JPKI, ensuring the transparency and legitimacy of transactions.
The project's ambitious goal is to reach a turnover of 10 trillion yen (approximately $65 billion) within three years. For comparison, the market capitalization of the largest stablecoin, USDT, exceeds $183 billion, according to CoinMarketCap.
JPYC is already receiving support from Japanese and international companies. Densan System Co., for example, is implementing JPYC payments in retail and e-commerce networks, covering over 65,000 locations. The ASTERIA Warp platform uses the token to automate financial flows in businesses, serving approximately 10,000 corporate clients. HashPort Wallet also integrated JPYC into its EXPO2025 Digital Wallet, providing access to over 700,000 users.
Other project partners include N Suite (development of corporate management tools), Nudge Card (credit card payments with JPYC access), comilio (payments to manga and digital content creators), and CryptoLinC (transaction accounting for tax returns).
According to company representatives, "a new economic ecosystem built on JPYC is rapidly emerging. We intend to strengthen our collaboration with partners and develop products that meet the needs of both individuals and businesses."
JPYC is positioned as an open infrastructure, accessible for integration by any developer or company without additional agreements. JPYC Inc. management emphasizes that the project's goal is not only to promote the use of yen-denominated stablecoins domestically but also to strengthen their presence in the global market.
The company's plans to issue such an asset were first announced in August 2025, and now Japan has officially joined the ranks of countries implementing their own stable digital currencies.
