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05:20

SBI Chairman: SBI will build a stablecoin payment system, and the path will be different from JPYC and other yen stablecoins.

Odaily News Today, at the WebX 2025 conference held in Tokyo, Japan, Yoshitaka Kitao, the chairman of SBI Holdings Group, stated that the SBI Group is building a stablecoin payment system using its financial infrastructure, considering to expand low-fee payment services based on blockchain through its existing user base of about 42 million securities accounts. Yoshitaka Kitao also mentioned that the SBI Group plans to adopt a unique path differentiated from existing stablecoin projects such as JPYC, focusing on a development strategy that meets regulatory Compliance requirements. (Coinpost)

00:40

The JPYC-backed yen stablecoin will be deployed on Ethereum, Avalanche, and Polygon.

BlockBeats news, on August 19, the yen stablecoin issuer JPYC announced the completion of its registration as a fund transfer business operator. Its yen stablecoin plans to be deployed on Ethereum, Avalanche, and Polygon. On November 10, 2021, the yen stablecoin issuer JPYC completed a Series A financing round of 500 million yen (approximately 4.43 million USD), led by Headline Asia with participation from Circle Ventures.

ETH-1.27%

AVAX-1.41%

19:59

Japan's first stablecoin issuer has obtained a license and is expected to launch a compliant yen stablecoin.

According to a report by Jinse Finance, JPYC, a Japanese stablecoin issuer, has today obtained Japan's first "fund transfer service provider" license, which is also the first relevant permit granted to a digital currency issuer. Previously, Nikkei News reported that JPYC is expected to be approved this month and may launch a compliant yen stablecoin in October.

10:00

Japan will approve the first stablecoin priced in yen, JPYC.

According to Jin10 data on August 17, the Japanese Financial Services Agency will approve the country's first issuance of a stablecoin denominated in yen, JPYC, this month. The Japanese Financial Services Agency will register the fintech company JPYC Inc. as a remittance business, and sales are expected to begin within a few weeks after registration. This digital money will be backed by liquidity assets such as government bonds to maintain its value stable at 1 JPYC = 1 yen.

18:32

MUFG and Progmat have announced a partnership with stablecoin JPYC, a tokenization platform created by Japan's MUFG and supported by several other institutions, Golden Finance reported. The Progmat-MUFG-JPYC transaction has a double significance. JPYC will explore additional stablecoin formats and issue through the Progmat Coin platform. JPYC has applied for a license that allows the stablecoins issued by Progmat to be exchanged with other offshore stablecoins. JPYC was launched in 2021, long before Japan's new stablecoin law came into effect in June of this year. As a result, JPYC is currently a prepaid payment method, similar to a prepaid card. In fact, it offers JPYC cards that can be used in stores without any conversions.

SBI Chairman: SBI will build a stablecoin payment system, and the path will be different from JPYC and other yen stablecoins.

The JPYC-backed yen stablecoin will be deployed on Ethereum, Avalanche, and Polygon.

Japan's first stablecoin issuer has obtained a license and is expected to launch a compliant yen stablecoin.

Japan will approve the first stablecoin priced in yen, JPYC.

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