Japan Blockchain Foundation said it plans to issue EJPY, a yen-pegged stablecoin on Japan Open Chain and Ethereum, under a trust-type structure that NADA News said is not bound by the 1 million yen per-transaction remittance cap applied to the fund transfer service provider model. The foundation said the token is intended for B2B settlements, digital asset settlements, remittances, and payments in Web3 services. The press release said issuance details, including timing, have not been determined, although NADA News reported that the foundation aims to start issuance within this year.