The Japanese startup JPYC launched on Monday, October 27, 2025, the first stablecoin backed by the yen, fully guaranteed by bank deposits and Japanese government bonds. A new step forward for Asia in the field of stablecoins, while China remains on the sidelines, maintaining its ban on cryptocurrencies.
In a market dominated by dollar-backed stablecoins, Japan is joining the dance. Indeed, JPYC, a stablecoin backed by the yen, arrived on Monday on the Ethereum, Avalanche, and Polygon networks. An important step for the Asian stablecoin market. The crypto maintains a 1:1 ratio with the Japanese yen, and each token is guaranteed by more than 100% by domestic bank deposits as well as Japanese government bonds (JGB). This guarantee structure offers transparency and regulatory security rarely observed in the stablecoin sector. But Japan is a country strict about such matters.#TrumpTariffs #MarketPullback
