World’s first yen-pegged stablecoin debuts in Japan

Japan will launch its first yen-backed stablecoin on Monday, issued by the startup JPYC and fully convertible to the yen, supported by domestic savings and government bonds.

The move signals growing interest in digital currencies globally, with China and South Korea also exploring national stablecoins, while U.S. dollar-backed stablecoins currently dominate the market.

Japan’s megabanks are planning to issue their own stablecoins, which could help mainstream adoption in a traditionally cash-focused society where cashless payments have risen to 42.8% in 2024, Reuters has reported.

Experts caution that yen stablecoins may take years to gain traction, though participation by major banks could accelerate adoption.

read more: https://finance.yahoo.com/news/worlds-first-yen-pegged-stablecoin-014426384.html

👍 Like this video to stay informed about Japan’s launch of its first yen-backed stablecoin and the global rise of digital currencies.
💬 Comment below—do you think stablecoins will replace traditional cash, or will adoption remain limited?
🔗 Share this video to inform others about the evolving world of digital finance and fintech innovations.
💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button—your support helps us continue providing accurate updates on cryptocurrency and global markets.
👉 Don’t forget to subscribe for more news on digital currency, blockchain, and financial technology trends.
Thanks for watching and supporting the channel.

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Follow Me On Truth Social
https://truthsocial.com/@BC_Begley

Follow Me On BlueSky
https://bsky.app/profile/bcbegley.bsky.social

Watch Me On TikTok
https://www.tiktok.com/@bcbegley

#JapanCrypto #Stablecoin #DigitalCurrency