🇯🇵 The Japanese company JPYC Inc. has launched the first yen-backed stablecoin, JPYC.



This stablecoin is fully backed 1:1 by deposits in yen and Japanese government bonds and operates on Ethereum, Avalanche, and Polygon.

JPYC aims for 10 trillion yen (65 billion dollars) in circulation within three years, marking a major milestone for the Japanese stablecoin market.
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