JPYC to Start Issuance of Japan's 1st Stablecoin in Autumn

HEADLINES

Tokyo, Aug. 20 (Jiji Press)–Japanese fintech company JPYC Inc. has said that it will start issuing the country’s first stablecoin, a type of crypto asset, as early as this autumn. The Tokyo-based firm was approved by the Financial Services Agency as a funds transfer service provider on Monday, getting qualified to issue stablecoins. The company expects its stablecoin to be used for individu…

Tokyo, Aug. 20 (Jiji Press)–Japanese fintech company JPYC Inc. has said that it will start issuing the country’s first stablecoin, a type of crypto asset, as early as this autumn. The Tokyo-based firm was approved by the Financial Services Agency as a funds transfer service provider on Monday, getting qualified to issue stablecoins. The company expects its stablecoin to be used for individu…