According to @PANewsCN, JPYC will issue a yen-pegged stablecoin in Japan that is fully redeemable for JPY and backed by domestic deposits and Japanese Government Bonds, as reported by Reuters. source: Reuters The stablecoin, named JPYC, will initially charge no transaction fees, with issuer revenue coming from interest on the held JGBs. source: Reuters Japan’s 2023 stablecoin framework enables licensed entities to issue fiat-redeemable stablecoins, providing the regulatory basis for this launch. source: Japan Financial Services Agency

According to @rovercrc, Japan is set to greenlight yen-pegged stablecoins as soon as this fall, as reported in a post on X dated Aug 17, 2025, which signals a potential near-term regulatory go-ahead for JPY stablecoin issuance and market integration, source: @rovercrc on X. Japan’s revised Payment Services Act, effective June 2023, already permits issuance of fiat-referenced stablecoins by licensed banks, trust companies, and money transfer agents, with requirements including 1:1 redemption at par and segregation of reserves, source: Japan Financial Services Agency. Given this framework, any JPY stablecoin rollout would proceed via regulated issuers and licensed intermediaries, shaping listing pathways and fiat on-ramps for compliant domestic exchanges that serve crypto trading pairs, source: Japan Financial Services Agency. Traders should wait for an official notice from the Financial Services Agency or the Bank of Japan confirming timing, eligible issuers, and exchange integration before repositioning in JPY-crypto pairs such as BTC/JPY and ETH/JPY, source: independent analysis.