Japan's New Yen Stablecoin is Asia’s Only Truly Global Fiat-Pegged Token

October 27, 2025

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1 min read

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CoinDesk

With the yen freely convertible and backed by Japan’s deep government bond market, JPYC’s launch stands apart from the region’s onshore-only experiments in Korea, Taiwan, and beyond.

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... [3465 chars]

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Source: CoinDesk

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