PANews reported on August 17th that Nikkei reported that Japan's Financial Services Agency (FSA) will approve the issuance of the country's first yen-denominated stablecoin, JPYC, this month. The FSA willPANews reported on August 17th that Nikkei reported that Japan's Financial Services Agency (FSA) will approve the issuance of the country's first yen-denominated stablecoin, JPYC, this month. The FSA will
Japan to approve first yen-denominated stablecoin JPYC
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PANews reported on August 17th that Nikkei reported that Japan's Financial Services Agency (FSA) will approve the issuance of the country's first yen-denominated stablecoin, JPYC, this month. The FSA will register fintech company JPYC Inc. as a remittance business, with sales expected to begin within weeks of registration. The digital currency will be backed by liquid assets such as government bonds to maintain its value at 1JPYC = 1 yen.
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