Japan’s Financial Services Agency to Approve First Yen-Pegged Stablecoin JPYC
According to ChainCatcher, citing Jinshi News, Japan's Financial Services Agency is set to approve the country's first yen-pegged stablecoin, JPYC, later this month. The Financial Services Agency will register the fintech company JPYC Inc. as a remittance business operator, and sales are expected to begin within a few weeks after registration. This digital currency will be backed by liquid assets such as government bonds to maintain its value at 1 JPYC = 1 yen.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitwise Analyst: The Growing Queue of ETH Withdrawals May Lead to Significant Market Selling Pressure
Ethereum reserves on CEXs continue to decline, with only 18.39 million remaining
Trending news
MoreAnalysis: Companies like Circle and Stripe are building proprietary blockchains to establish their own settlement channels, aiming to enhance the efficiency, compliance, and revenue of digital asset payments
Bitwise Analyst: The Growing Queue of ETH Withdrawals May Lead to Significant Market Selling Pressure
Crypto prices
More
