Japan has done what its Asian peers can’t: launch a stablecoin that can circulate globally. Japan’s JPYC announced today the world’s first yen-pegged stablecoin, a fully redeemable digital yen backed by domestic deposits and Japanese government bonds (JGB). The stablecoin issuer said that it won’t charge a transaction fee and instead generate revenue from interest on holdings of JGBs. Here’s …
Read More »Japan’s New Yen Stablecoin is Asia’s Only Truly Global Fiat-Pegged Token
