Japan is about to make history in digital finance. 🇯🇵 This fall, the Financial Services Agency (FSA) will approve JPYC as the nation’s first yen-backed stablecoin. Why it matters: - 101% reserve backing in bank deposits and Japanese government bonds sets a new global standard for transparency. - First regulated yen stablecoin, launching under Japan’s 2023 Payment Services Act. - Institutional validation: Circle Ventures, issuer of USDC, was an early investor. - Market impact: As JPYC scales, demand for Japanese government bonds could mirror how U.S. stablecoins boosted Treasury markets. - Use cases: Cross-border payments, DeFi lending, retail payments, and cheaper remittances. We believe Japan’s clear regulatory framework shows how governments can enable innovation while protecting consumers. It positions the yen to play a larger role in the global digital economy. The launch of JPYC this fall marks more than just a domestic milestone, it’s a signal of where regulated stablecoins are heading worldwide. You can find the full update in the comments.👇