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JPYC launches neo stablecoin pegged to the Japanese yen
JPYC Inc has officially launched the JPYC stablecoin pegged at a rate of 1:1 with the Japanese yen, along with its own issuance and redemption platform called JPYC EX. This stablecoin is fully backed by bank deposits and government bonds. In the initial phase, JPYC will be issued on the Avalanche, Ethereum, and Polygon blockchains.