Express
Japan's Financial Services Agency to Approve First JPY-denominated Stablecoin JPYC
Summary: According to reports from FXStreet, Japan's Financial Services Agency is set to approve the country's first issuance of a JPY-denominated stablecoin, JPYC, this month. The agency will register the fintech company JPYC Inc. as a remittance business, with sales expected to begin within weeks of registration. The digital currency will be backed by liquid assets ...
According to reports from FXStreet, Japan's Financial Services Agency is set to approve the country's first issuance of a JPY-denominated stablecoin, JPYC, this month. The agency will register the fintech company JPYC Inc. as a remittance business, with sales expected to begin within weeks of registration. The digital currency will be backed by liquid assets such as government bonds to maintain its value stable at 1 JPYC = 1 Japanese Yen.
Tags:
Link: Japan's Financial Services Agency to Approve First JPY-denominated Stablecoin JPYC [Copy]
