Japan has now joined the fray in the race for stablecoins, launching the world's first fully regulated and yen-pegged stablecoin, JPYC. The brainchild of Tokyo-based fintech company JPYC Inc., the token is designed to maintain one-to-one value with the Japanese yen, signaling Japan's greater acceptance of blockchain-based finance.
The launch is, in fact, a historic one: not just for Japan, but for the global crypto ecosystem.
