Business · Companies · 3 hrs ago
JPYC plans Circle partnership to expand yen stablecoin use in digital finance
Japan’s JPYC plans to work with Circle, the US company that issues the dollar-backed stablecoin USDC.
The company wants its yen-backed digital payment method to be used in on-chain finance, where financial assets are traded digitally.
That could include faster trading of stocks and government bonds, though no launch details are given.
Stablecoins are digital payment tools designed to keep their value steady by being backed by currencies such as the yen or dollar.
JPYC is also urging Japan’s Financial Services Agency to ease related regulations.
It aims to widen use in Japan and overseas, where acceptance by other countries is becoming a key challenge.
JPYC plans to work with US-based Circle to expand the use of its yen-denominated stablecoin in on-chain finance.
The company is considering uses such as digital trading of financial assets.
JPYC is also seeking regulatory easing from Japan’s Financial Services Agency.
It aims to increase adoption in Japan and overseas as major banks also move to issue yen stablecoins.
JPYC representative director Noritaka Okabe said the next challenge is gaining recognition in other countries.
- Who
- JPYC and Circle, the US company that issues the USDC stablecoin.
- What
- JPYC plans to work with Circle to promote its yen stablecoin for on-chain finance.
- When
- The report was published on October 29, 2026.
- Where
- Japan and overseas markets.
- Why
- JPYC aims to support digital trading of financial assets and broaden adoption of its stablecoin.
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- JPYC partner
- Circle, the US issuer of USDC
- Planned use
- On-chain finance and digital trading of financial assets
- Regulator approached
- Japan’s Financial Services Agency
- Report date
- October 29, 2026
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From now on, the battle will be whether other countries recognize us.